Niche market specialty insurer Assurant has invested in a technology startup focused on connected car services.
The New York-based company declined to disclose the level of investment in Mojio, a technology platform and software-as-a-service (SaaS) provider with offices in Silicon Valley and Vancouver, B.C.
Plans call for both companies to work on products that use their combined pools of vehicle data to “enhance the ownership experience” of car owners. Assurant provides coverage in areas including vehicle protection, mobile devices and extended service contracts.
Mojio is a cloud platform for automakers and mobile network operators looking to build connected car services, with a data analytics and machine learning component.
Bob Lonergan, Assurant’s chief strategy officer, said in prepared remarks that the partnership should allow each company to capitalize on its “complementary capabilities.”
Source: Assurant
Related:
Was this article valuable?
Here are more articles you may enjoy.
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent 
Liberty Mutual ‘Shifting From Fixing to Building’ in 2026, CEO Says 
Westchester Close to Settling on Hurricane Sally Condo Claim That Topped $230M 
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse 
