Daimler and Swiss Re launch insurance joint venture Movinx
Movinx is the new automotive and mobility insurance joint venture company of Daimler Insurance Services and Swiss Re, offering fully digital automotive and mobility insurance products.
Movinx will act as a Managing General Agent (MGA). To do so, the joint venture will be open for cooperations with other stakeholders such as car manufacturers or, more generally, mobility service providers.
In a press statement, the company says it will support an embedded mobility and insurance customer journey – making insurance an integrated part of the vehicle purchase. The focus is on a joint development journey to offer flexible and fully digital products.
Sebastiaan Bongers, Head Mobility Ventures at Swiss Re, and Andreas Roth, Head Digital Insurance Model at Daimler Insurance Services, will lead the new company. Offices opened in Berlin in October. The first insurance products and services are planned to launch in France in 2021. In the coming years, further market entries are planned across Europe, in the Americas, and in Asia.