Assurant Invests in Mojio to Explore Digital Protection and Support Solutions for Vehicle Owners and Partners
September 18 2018 - 9:00AM
Business Wire
Assurant, Inc. (NYSE:AIZ), a global provider of risk management
solutions, today announced it has made a strategic investment in
Mojio, a leading technology platform and SaaS provider for
connected cars, to explore digital protection and support solutions
for vehicle owners and automotive partners.
Assurant made the investment through its Assurant Growth
Investing (AGI) venture capital initiative. The companies plan to
work on solutions that leverage their combined pools of vehicle
data to enhance the ownership experience in an evolving automobile
market.
“Our collaborative partnership with Mojio is another step we are
taking to support the consumer’s connected lifestyle, be that at
home, in the car or on the go,” said Bob Lonergan, chief strategy
officer of Assurant. “We believe both companies can realize
strategic value from this relationship, and we look forward to
capitalizing on our complementary capabilities.”
Assurant is a leader in the vehicle protection industry with
decades of experience, data and insights from protecting nearly 47
million vehicles. Mojio's connected car solutions for automakers
and mobile network operators have enabled the company to connect
more than 750,000 vehicles globally, resulting in rich data from
more than 7 billion miles of driving.
“Our relationship with Assurant pairs the enhanced safety,
security and convenience provided by a connected car with the peace
of mind Assurant delivers to its customers by protecting what
matters most” said Kenny Hawk, CEO of Mojio. “We’re looking forward
to collaborating with Assurant to connect and protect the global
driving community.”
AGI targets venture and growth stage technology companies that
may be complementary or disruptive to Assurant’s core businesses.
More information can be found at
www.assurantgrowthinvesting.com.
About Assurant
Assurant, Inc. (NYSE: AIZ) is a global provider of risk
management solutions, protecting where consumers live and the goods
they buy. A Fortune 500 company, Assurant focuses on the housing
and lifestyle markets, and is among the market leaders in mobile
device protection and related services; extended service contracts;
vehicle protection products; pre-funded funeral insurance; renters
insurance; and lender-placed homeowners insurance. Assurant has a
market presence in 21 countries, while its Assurant Foundation
works to support and improve communities. Learn more
at assurant.com or on Twitter @AssurantNews.
About Mojio
Scalable, secure and hardware-agnostic, Mojio is the cloud
platform and SaaS provider of choice for automakers and mobile
network operators looking to build profitable connected car
services. Mojio’s platform solutions and mobile apps deliver a
smarter, safer and more convenient car ownership experience for the
global driving community. With real-world data gathered from more
than 7 billion miles of driving, Mojio provides a big data
analytics framework that uses machine learning to generate
actionable insights, unlocking the next generation of revenue
streams for companies throughout the automotive value chain.
Founded in 2012, Mojio has growing teams in Silicon Valley,
Vancouver and Sofia, and some of the world’s biggest brands as
customers, investors and partners, including Amazon, Bosch,
Deutsche Telekom, Microsoft, SAP and T-Mobile. Mojio is a
career-accelerator for driven tech professionals looking to shape
the future of mobility. To learn more about joining our team,
please visit Mojio’s careers page.
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version on businesswire.com: https://www.businesswire.com/news/home/20180918005182/en/
AssurantAndy Mus, 770.763.1694andy.mus@assurant.comorMojioMeghan
Brown, 925.785.8895mojio@10fold.com
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