Assurant, a provider of risk management solutions, announced it has made a strategic investment in Mojio, a technology platform and SaaS provider for connected cars, to explore digital protection and support solutions for vehicle owners and automotive partners.
Assurant made the investment through its Assurant Growth Investing (AGI) venture capital initiative. The companies plan to work on solutions that leverage their combined pools of vehicle data to enhance the ownership experience in an evolving automobile market.
Assurant is a leader in the vehicle protection industry with 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 the company to connect more than 750,000 vehicles globally, resulting in rich data from more than 7 billion miles of driving.
AGI targets venture and growth stage technology companies that may be complementary or disruptive to Assurant’s core businesses.