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.

Share |

Related articles

Aon: changes in the leadership structure following restructure

Aon plc announced today that Andrew MARCELL has been appointed CEO of Reinsurance Solutions. Prior to the today change, Eric ANDERSEN, CEO of Aon Benfield, and Michael O'CONNOR, CEO of Aon Risk Solutions, have been appointed Co-Presidents on 15 May.

2018-05-31

ON THE MOVE

Three new appointments at XL Catlin insurance operations

XL Catlin insurance operations announced on 4 June three appointments: Donnacha SMYTH as President Global Excess Casualty Insurance; Carla GREAVES as Chief Underwriting Officer, Global Excess Casualty; Aurelie FALLON SAINT-LO as Senior Underwriter, Environmental and Client & Distribution Leader for Western France.

07.06.2018

TOP EVENT

LIVE: BAKU: "Insurance in Azerbaijan: New perspectives" Conference

The annual and most important insurance event within the Caucasus region - "Insurance in Azerbaijan: New perspectives", started today, in Baku, organized by XPRIMM and Azerbaijan Insurers Association, with the official support of the Financial Market Supervisory Authority of Azerbaijan.

20.06.2018

5th Annual Insurance Business Forum "Challenges of the Year 2018"

will take place on September 17-21, 2018 in Sochi
The upcoming Forum, supported by the All-Russian Union of Insurers (ARIA), will logically continue a detailed discussion of the most pressing issues previously raised at ARIA events in 2018: Insurance and Reinsurance International Congress in Moscow and Insurance International Conference in St. Petersburg.

12.06.2018

See all