Swiss Re teams up with Jooycar in Mexico

The reinsurance firm Swiss Re and the Chilean auto insurer Jooycar will in future be working together on the Mexican market. According to a press release, Swiss Re and Jooycar have agreed a strategic partnership with the aim of promoting the use of telematics data on the auto insurance market for small and medium-sized commercial fleets in Mexico. This alliance is focused on supporting Jooycar’s entry into the Mexican market, where it intends to offer its fleet management service and connected car platform known as Fleetr by Jooycar. With the help of real-time telematics data and by encouraging the adoption of good driving habits, fleet owners can reduce their operating costs, save on insurance expenses and achieve higher levels of efficiency and safety, the press release states.

Jooycar was founded in 2014 in Las Condes on the outskirts of Santiago de Chile. According to information from the company itself, it is the fastest-growing InsurTech firm in Latin America with a portfolio of more than 1,000 corporate fleets. Jooycar recently also established US headquarters in Miami, Florida.

“The mobility landscape is changing, particularly due to the appearance of new technologies. Insurance must adapt to these changes, through comprehensive and integrated innovative solutions, to face new mobility trends”, comments Francisco Díaz, Head of Reinsurance at Swiss Re México. The alliance with Jooycar will seek to facilitate the use of telematics data in the insurance market, with the aim of understanding risks and offering additional added value to end customers.

“This alliance enhances the knowledge and experience of both companies in their field, creating a great disruption in the sale of commercial insurance”, explains Joe DiMartino, Head of Insurance at Jooycar, in the press release.