With customer needs changing rapidly, two giants in their respective worlds have formed a partnership that looks to take automotive and mobility insurance to the next level.
Swiss Re and Daimler Insurance Services have formed a 50/50 joint venture, known as Movinx. Located in Berlin, the firm has been set up as an insurance intermediary and service provider and has already received competition clearances.
“We believe that partnering with Daimler Insurance Services and establishing Movinx will take us to the next level in innovating mobility insurance,” said Swiss Re digital transformation officer Pravina Ladva. “Our joint long-term ambition is to