Cachet enters French market

Cachet said it has partnered with Baloise LU to deliver adaptive insurance for Turo’s peer-to-peer car-sharing platform in France.

“Partnering with Turo in France, with the backing of Baloise LU, is a defining moment for Cachet,” Hedi Mardisoo, CEO and Co-Founder of Cachet, said in a statement.

France is one of Europe’s largest shared mobility economies, valued at approximately €4.2 billion and growing at over 13% annually.

“France is one of Europe’s most important shared mobility markets, and entering it as our 11th territory shows the momentum behind adaptive insurance. Our technology doesn’t just price risk, it actively controls it, giving platforms like Turo the infrastructure to prevent loss,” she said.

Cachet‘s platform delivers insurance that adapts in real time to usage patterns — combining flexible, trip-level coverage with integrated risk management and loss-prevention tools.

Paired with Baloise’s underwriting strength and carrier-grade capacity, the partnership gives Turo a fully embedded insurance infrastructure built specifically for peer-to-peer car sharing at scale, Cachet said.

“Turo’s growth in France represents exactly the kind of platform-scale opportunity where our underwriting capabilities and Cachet’s technology create the most value,” David Destappes, Chief Operating and Commercial Officer at Baloise Luxembourg, said in the statement.