Swiss Re and Daimler Join Forces to Launch Insurtech Startup Movinx

Swiss Re and Daimler Insurance Services have launched a new company called Movinx for automotive and mobility insurance.

Both shareholders of the 50/50 joint venture will leverage their expertise to establish a new business model. The aim is to develop fully digital automotive and mobility insurance products that both fulfill changing customer needs and offer best-in-class service quality. Movinx has received all necessary competition clearances.