Assurant Invests in Mojio to Explore Digital Protection and Support Solutions for Vehicle Owners and Partners
In Action Summary
Assurant, Inc is partnering with Mojo, a technology platform and SaaS provider for connected cars to explore digital protection and support solutions for vehicle owners and automotive partners.
Both companies will work together to develop solutions that leverage their combined pools of vehicle data to enhance the automobile ownership experience. Assurant has a customer base of 47m vehicles which Moijo will now have access to in addition to the 750,000 vehicles that it has already connected globally.
The Warranty Group is a part of Assurance Inc. and the investment in Moijo was made through its Assurant Growth Investing (AGI) VC fund.
Assurant and Mojio to explore digital protection and support solutions for vehicle owners and automotive partners
Bob Lonergan, Chief Strategy Officer of Assurant has said of this action: “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. We believe both companies can realize strategic value from this relationship, and we look forward to capitalizing on our complementary capabilities.”