PARIS, Sept 26, 2022: SCOR and DriveQuant are pleased to announce that they have entered into a strategic business development arrangement, as part of a new SCOR initiative focusing on the science of mobility solutions.
SCOR’s “Mobility Science Solution” offers insurers an innovative and dynamic telematics insurance solution, consisting of DriveQuant’s simple and connected smartphone-based telematics technology, which collects and processes real-time data from vehicles, SCOR’s expertise and advice in terms of mobility insurance products, and SCOR-backed reinsurance capacity.
The aim of SCOR’s “Mobility Science Solution” is to simplify the deployment of a connected Pay-As-You-Drive personal motor insurance solution - which includes safety, eco-drive and anti-distraction features - for insurers, providing them with actionable insights into the risk profile of their customers and bringing various financial and ESG benefits to all parties.
Henri Douche, SCOR’s Head of Product & Innovation, commented: “SCOR is delighted to have entered into this arrangement with DriveQuant to deliver this solution. It will ensure connected motor insurance can be more efficiently and effectively deployed by insurers with SCOR’s support. We see it as a way to not only insure drivers but also to help them improve their mobility behaviour, in order to drive more safely and in a more environmentally friendly way. This is 100 % in line with SCOR's raison d’être, to combine the Art & Science of Risk to protect societies”.
DriveQuant CEO Philippe Moulin comments: “This arrangement with SCOR marks a new step in DriveQuant’s development. Our technology will benefit more and more people around the world, allowing them to adopt a new driving style that preserves the environment while saving lives”.
SCOR, a leading global reinsurer, offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society.
SCOR offers its clients an optimal level of security with its AA- rating or equivalent from S&P, Moody’s, Fitch and AM Best.
The Group generated premiums of more than EUR 17.5 billion in 2021 and serves clients in more than 160 countries from its 36 offices worldwide.
Founded in 2016, DriveQuant is a leading telematics company which designs mobile applications and SDKs to measure mobility and coach drivers to reduce road risk and environmental footprint.
DriveQuant transforms smartphone sensor signals into reliable and meaningful indicators of driving behaviour. DriveQuant already provides its solutions to more than 40 clients worldwide.
Since 2020 and its integration within the FairConnect Group, DriveQuant provides a complete portfolio of telematics services including claims management, crash detection, theft recovery, and more.