Ornikar partners with Wakam
French driving school marketplace Ornikar has launched a new insurance product in partnership with Wakam.
The startup, which offers online driver education courses and matches students with independent driving instructors, is now offering car insurance designed for young drivers that takes into account a student’s profile. For example, Ornikar claims that it was able to demonstrate a link between respecting safety distances during learning and driving accidents after getting a license.
This isn’t Ornikar’s first encounter with insurance – since 2020 the startup has been acting as an insurance broker to help drivers find cheap insurance.
The startup, which raised ~$174 million, has attracted over 3 million students since launching and it looks to sell 100k policies in the next 24 months.