Allianz Invests In Used-Car Platform Heycar, Becomes Insurance Partner
08 Julho 2021 - 6:18AM
Dow Jones News
By Giulia Petroni
Allianz SE on Thursday said that it is investing in German
used-car marketplace car heycar's parent company Mobility Trader
Holding GmbH and will become its insurance partner.
The German insurer said the partnership will cover the next five
years in all existing and future markets. The amount of the
investment wasn't disclosed.
"Allianz' integration into the platform will make available core
motor insurance products and extend to a variety of add-on
features, such as roadside assistance and warranty," the company
said.
The investment is being made through Allianz's digital
investment unit Allianz X. Existing investors include Volkswagen
AG, Volkswagen Financial Services and Daimler Mobility AG.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 08, 2021 05:17 ET (09:17 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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