Zurich acquires Bright Box
Zurich Insurance Group has acquired telematics solutions provider Bright Box HK Ltd and its subsidiaries.
Bright Box was founded in 2012 and is headquartered in Hong Kong with operations in Europe and business across the globe. It provides telematics solutions that link drivers to their vehicles, and the vehicles to networks of car dealers and original equipment manufacturers (OEMs).
Bright Box further expands Zurich’s focus on mobility through tailored services, enhanced by digital interactions with car drivers and closer collaboration with car dealers and OEMs.
‘We are excited by the potential that Bright Box brings to further strengthen our offerings to car drivers and the companies that support their needs. By enhancing our capabilities in data insights and analysis, we will be able to provide our customers more tailored and convenient solutions, which is in line with our strategy,’ said Giovanni Giuliani, group chief strategy, innovation and business development officer.
‘We are very excited to be part of Zurich with its strong international brand and ability to lead the way in the fast-changing environment of automotive insurance,’ said Ken Belotsky, executive chairman and co-founder of Bright Box.
Bright Box already has business relationships with leading global OEMs and hundreds of dealerships worldwide, providing connected car technology such as cloud IT platforms, mobile and web apps, hardware, as well as the connectivity between them.