SWISS RE TEST EQS-News: Swiss Re enters partnership with BlaBlaCar and L'olivier Assurance to launch innovative digital motor product in France

Transparency directive : regulatory news

14/09/2021 10:30

EQS Group-News: Swiss Re Ltd / Key word(s): Agreement/Product Launch
Swiss Re enters partnership with BlaBlaCar and L'olivier Assurance to launch innovative digital motor product in France

14.09.2021 / 10:30


 

  • Swiss Re joins forces with global leader in alternative mobility and motor insurance specialist to advance innovation in the French mobility market
  • Launch of BlaBlaCar Coach, an innovative app that offers drivers personalised coaching and tips for safer driving and is available with car insurance
  • By combining their expertise and leveraging cutting-edge technology, the partners aim to make roads safer and mobility more sustainable

Zurich, 14 September 2021 - Swiss Re has entered into a partnership with BlaBlaCar, the world's leading community-based travel platform, and motor insurance specialist L'olivier Assurance, the French branch of Admiral Group. The partnership has enabled the creation of BlaBlaCar Coach, an innovative smartphone app that offers drivers personalised coaching and tips for safer driving and is available with an annual car insurance. This collaboration will advance innovation in the French mobility market, with the aim of improving road safety and making mobility more sustainable.

According to the French Road Safety Observatory, more than 70 000 people were injured in road traffic accidents in France and more than 3 200 lives were lost in 2019, with one in five victims being under 25 years of age[1]. Besides the tragedy of seeing lives curtailed, road accidents cost the French economy about 2% of its gross domestic product (GDP).

The partnership announced today has enabled the creation of BlaBlaCar Coach, an innovative smartphone app that offers drivers personalised coaching and tips for safer driving. Powered by Coloride, Swiss Re's cutting-edge technology for driver coaching and assessment, the BlaBlaCar Coach app can be activated when a new driving journey starts. The app then analyses the driver's conduct at the wheel, including phone usage and other distractions, without any additional equipment having to be installed. At the end of the ride, the app provides the driver with recommendations to develop a safer driving style. The solution is an essential tool for drivers seeking to improve their driving behaviour and contributes to making roads safer.

The BlaBlaCar Coach app is available with a co-branded annual car insurance named 'BlaBlaCar Assurance par L'olivier'. Thanks to this, the product also leads to insurance savings for users.

Partnering for a safer and more sustainable future

Swiss Re's vision to make the world more resilient matches with BlaBlaCar's long-term ambition to improve road safety and reduce the environmental costs of transportation. The digital brand L'olivier Assurance was the perfect fit for this partnership. Over the years, the company has built a reputation in the market for delivering quality products at competitive rates and a track record of superior customer service. It combines agility and digitalisation expertise to deliver an unmatched customer experience to those seeking to purchase insurance.

Walter Eraud, CEO France, Belgium and Luxembourg at Swiss Re, said: 'We are delighted to have the privilege to initiate this collaboration with the global leader in alternative mobility, BlaBlaCar, and an insurance partner of the calibre of L'olivier Assurance. The powerful combination of BlaBlaCar's mobility tech expertise and reach, L'olivier Assurance's ability to devise an attractive motor product and Swiss Re's superior scoring and analytics capabilities have the potential to transform this important segment of the motor industry. We are excited about the product launch.'

Nicolas Brusson, co-founder and CEO of BlaBlaCar, said: 'With millions of people in our community sharing cars and buses every day, BlaBlaCar has a responsibility in making the road a safer place. We have always leveraged technology to transform the way people travel. Creating a new and improved driving experience, the BlaBlaCar Coach app, together with its insurance offer, is a way to put Swiss Re and L'olivier Assurance's expertise into practice at the service of drivers. Every driver engaged in this process will have a direct impact on their own safety and savings, and, at a larger scale, an even bigger impact on road safety and sustainability.'

Pascal Gonzalvez, CEO France at L'olivier Assurance, said: 'At L'olivier Assurance, the client is always at the heart of everything we do. That is why we are very proud of joining forces with BlaBlaCar and Swiss Re for the launch of a novel and innovative product that responds to the market needs with a sustainable approach that is also good for our planet.'

[1] Figures for mainland France, without overseas territories. Source: National Interministerial Road Safety Observatory, Road Safety 2019 - Results.


 

Swiss Re
The Swiss Re Group is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk - from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.

BlaBlaCar
BlaBlaCar is the world's leading community-based travel network enabling over 90 million members to share a ride across 22 markets. BlaBlaCar leverages technology to fill empty seats on the road, connecting members looking to carpool or to travel by bus, and making travel more affordable, sociable and convenient. BlaBlaCar's environmentally and human-friendly mobility network saves 1.6 million tons of CO2 and enables 120 million human connections every year. For more information, please see https://blog.blablacar.com/newsroom

L'olivier Assurance
Founded in 2011, L'olivier Assurance is a 100% digital insurance brand that aims to dispel the adage that 'online insurance' is synonymous with 'low quality'. The company offers insurance at competitive prices, quality customer service and offers tailored to the different profiles of its drivers, no frills. L'olivier Assurance is part of the Admiral Group, leader in the European online insurance market. The group is part of the FTSE 100 and has more than 8 million policyholders worldwide. Find out more: https://www.lolivier.fr

For further information please contact Swiss Re Media Relations: + 41 (0)43 285 7171 or Media_Relations@Swissre.com.
Please use this link to access the Swiss Re website.

Cautionary note on forward-looking statements
Certain statements and illustrations contained herein are forward-looking. These statements (including as to plans, objectives, targets, and trends) and illustrations provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical fact or current fact. Further information on forward looking statements can be found in the Legal Notice section of Swiss Re's website.



End of Media Release


Language: English
Company: Swiss Re Ltd
Mythenquai 50/60
8022 Zurich
Switzerland
Phone: +41 (0) 43 285 71 71
E-mail: Media_Relations@swissre.com
Internet: www.swissre.com
ISIN: CH0126881561
Valor: 12688156
Listed: SIX Swiss Exchange
EQS News ID: 1233165

 
End of News EQS Group News Service

1233165  14.09.2021 

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