Assurant Invests in Mojio to Explore Digital Protection and Support Solutions

The companies plan to work on solutions designed for partners and vehicle owners that will use their combined pools of vehicle data to enhance ownership experience in an evolving automobile market.

(Image source: Mojio homepage.)

Assurant, Inc.,  a global insurer based in New York, has made a strategic investment in Mojio, a Vancouver, B.C.-based technology platform and SaaS provider for connected cars, to explore digital protection and support solutions for vehicle owners and automotive partners.

Bob Lonergan, Chief Strategy Officer, Assurant.

Assurant made the investment through its Assurant Growth Investing (AGI) venture capital arm. The companies plan to work on solutions that use their combined pools of vehicle data to enhance ownership experience in an evolving automobile market. AGI targets venture and growth stage technology companies that may be complementary or disruptive to Assurant’s core businesses.

“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,” comments Bob Lonergan, chief strategy officer, Assurant. “We believe both companies can realize strategic value from this relationship, and we look forward to capitalizing on our complementary capabilities.”

Kenny Hawk, CEO, Mojio.

Assurant reports that its decades in the auto insurance industry has given it 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 that company to connect more than 750,000 vehicles globally, resulting in what the company characterizes as 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,” comments Kenny Hawk, CEO, Mojio. “We’re looking forward to collaborating with Assurant to connect and protect the global driving community.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For over a decade he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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