ZURICH acquires BRIGHT BOX to strengthen capabilities in connected cars

ZURICH Insurance Group has acquired 100% of the shares of BRIGHT BOX HK Ltd to strengthen its expertise in connected cars, the Swiss insurer announcend in a statement.

"ZURICH's strategy is focused on providing simple and innovative propositions through products and services centered on customer needs. BRIGHT BOX will contribute by further expanding ZURICH's focus on mobility through tailored services, enhanced by digital interactions with car drivers and closer collaboration with car dealers and OEMs", ZURICH Insurance said.

BRIGHT BOX was founded in 2012, is headquartered in Hong Kong, has operations in Europe and conducts business globally.

It provides telematics solutions that link drivers to their vehicles, and the vehicles to networks of car dealers and original equipment manufacturers (OEMs).

"We are excited by the potential that BRIGHT BOX brings to further strengthen our offerings to car drivers and the companies that support their needs. By enhancing our capabilities in data insights and analysis, we will be able to provide our customers more tailored and convenient solutions, which is in line with our strategy", said Giovanni GIULIANI, Group Chief Strategy, Innovation and Business Development Officer, ZURICH Insurance.

"We are very excited to be part of Zurich with its strong international brand and ability to lead the way in the fast-changing environment of automotive insurance", says Ken BELOTSKY, Executive Chairman and Co-Founder of BRIGHT BOX.

BRIGHT BOX already has business relationships with leading global OEMs and hundreds of dealerships worldwide, providing the entire stack of connected car technology like cloud IT platform, mobile and web apps, hardware, as well as the connectivity between them, explained ZURICH in a statement.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

US antitrust approval granted for MMC's acquisition of JLT Group

Marsh & McLennan Companies (MMC) and Jardine Lloyd Thompson Group (JLT) have confirmed that October 10 the Federal Trade Commission (FTC) granted early termination for the waiting period under the Hart-Scott-Rodino Act, with respect to MMC's previously announced acquisition of JLT.

2018-10-18

Mark WILSON steps down as CEO of AVIVA

AVIVA announced Mark WILSON and the Board have agreed that Mark is stepping down as CEO of the group. "Mark will remain with the group until April 2019 and will assist with the planned and orderly transition".

2018-10-11

Manfred BARTALSZKY joins the WIENER STADTISCHE Managing Board

Austrian Vienna Insurance Group (VIG) announced during the merger of WIENER STADTISCHE with S Versicherung, that Manfred BARTALSZKY was appointed to the Managing Board of WIENER STADTISCHE, where he is now responsible for bank distribution.

2018-10-04

ON THE MOVE

Public insurers appoint Achim Bosch to reinsurer board

The supervisory bodies of Deutsche Ruckversicherung AG and the Association of German Public Insurers decided today, to appoint Achim Bosch (53) to the executive board of the two reinsurers, where he will be responsible for non-life reinsurance.

11.10.2018

TOP EVENT

HOEPKE, Munich Re: I expect at least a stable renewal round in 2019

After severe storm damage in Japan and the United States, Munich Re is looking with a little more optimism to the next renewal season. "I expect at least a stable renewal round in 2019," Board member Doris HOEPKE said in Baden-Baden. Until recently the reinsurer's expectations were leaning towards a stagnant season.

22.10.2018

photodune-3834701-laughing-girl-xs

Five new XPRIMM insurance reports on the Baden Baden stands

Five new titles are available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in Baden Baden main locations, presenting the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.

21.10.2018

See all