Swiss Re has partnered up with Latin American insurtech Jooycar to enable auto insurance telematics for SME fleets in Mexico. Jooycar’s service “Fleetr by Jooycar” will be offered to Mexico’s commercial market while Swiss Re is looking to support the market better by leveraging its experience in telematics data analytics and risk modelling.
What the key players said
Francisco Díaz, Head of Reinsurance Mexico & Central America at Swiss Re, said, “The mobility landscape is changing, particularly due to the appearance of new technologies. Insurance must adapt to these changes, through comprehensive and integrated innovative solutions, to face new mobility trends.
“Our alliance with Jooycar aims to enable the use of telematics data in the insurance market to understand risks and provide more added value to the end customer.”
Joe DiMartino, Head of Insurance of Jooycar, commented, “This alliance enhances the knowledge and experience of both companies in the field of their expertise, creating a great disruption in the sale of commercial insurance. We believe that it reflects the most successful collaboration formula between insurtechs and large reinsurance companies.
“Allowing the evolution of the insurance value offer in the world, where we go from identifying and repairing risk to predicting and preventing it, relying on IoT technology and strong support and world-class actuarial know-how.”