Source: Allianz Partners

The four parties aim to develop together data-driven insurance products and to determine the best strategies for building and positioning Usage Based Insurance (UBI) products. The focus will not only be on data-driven product research and development, but also to explore further opportunities for cooperation to enhance the overall value proposition to the European Hyundai drivers.

Jean-Marc Pailhol, Chief Officer Global Strategic Partnerships, comments: “The partnership with Hyundai highlights our joint commitment to innovation for excellence. We believe in the power of co-designing the best solutions with our strategic business partners. By leveraging data-driven insights, we will be able to deliver value and the best and most relevant insurance and service solutions to our partners and clients.”

Marcus Welz, CEO Hyundai Connected Mobility, summarizes: “Hyundai Connected Mobility is delighted to partner in this memorandum, which underscores the delivery of tangible, personalized value to Hyundai drivers through data gathered from European roads. It is a privilege to collaborate with esteemed partners on solutions that create consumer benefits and elevate road safety.”