Zurich invests in telematics capabilities

Zurich has invested in data analytics and telematics insurance provider My Policy and agreed to join its panel as a long-term insurance capacity provider.

The transaction sees Zurich’s telematics equipment provider, Bright Box HK Limited, incorporated into the My Policy business, creating potential for future strategic partnerships with BrightBox’s customers, which include a number of international original equipment manufacturers.

Patrick Quinn, director of My Policy, said: “Zurich’s investment in My Policy enables us to significantly boost our capabilities and this, combined with My Policy’s new pay-per-mile platform, JURNY, and the ongoing support of Inflexion, will help accelerate our growth plans further and meet changing customer needs.”

Siwan Lu, CEO of Zurich Insurance Mobile Solutions, said: “Our collaboration with My Policy further highlights our commitment to providing user-friendly products to our customers in an evolving world.”

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