Related: Volvo Fielding Heavy-Duty Electric Concept Trucks Overseas
Volvo Financial Services Invests in Insuretech
Volvo Financial Services has invested in REIN, a insurtech start-up company, to deploy the next generation of connected insurance services to the commercial transport industry.
January 15, 2020
1 min to read
The companies plan to launch the product in the USA during the first half of 2020, with the aim of a future global offering.
Photo: Volvo
Volvo Financial Services has invested in REIN, a insurtech start-up company, to deploy the next generation of connected insurance services to the commercial transport industry.
VFS Innovation Ventures, a newly formed entity within VFS, has joined the REIN investor group through its strategic investment in the company.
Earlier in 2019, REIN showcased its insurtech platform at iLabX, Volvo Financial Services’ ten-week accelerator program designed to provide startups a unique opportunity to develop their solutions in live customer environments.
Now, VFS and REIN will continue to explore customized data-driven solutions that increase safety and improve the overall insurance experience for Volvo Group customers.
“We recognize that new financial technologies are changing our customers’ priorities and presenting opportunities to improve performance,” says Scott Rafkin, Volvo Group EVP and President of VFS. “REIN’s data-focused approach aligns with our commitment to adopting new solutions that reduce total cost of ownership and support driver safety. VFS’ strategic partnership with REIN enables us to co-create the next generation of financial service solutions.”
The companies plan to launch the product in the USA during the first half of 2020, with the aim of a future global offering.
Originally posted on Work Truck Online
More Global Fleet
GeoFencing Adds to Your Truck Security Arsenal
Geofencing is a familiar fleet tool today, but its early adoption marked a major shift in vehicle tracking, route monitoring, and the debate over employee privacy.
Read More →
Holman Takes Full Ownership of ARIZA in Mexico
Holman is bringing its Mexican fleet management operation fully under its own brand after more than 30 years as a joint venture. The change gives multinational fleet customers a single Holman operation across the U.S., Canada, and Mexico.
Read More →
5 Tire Maintenance Tips to Help Prevent Work Truck Downtime
Regular tire checks can do more than extend tread life. These five maintenance practices can help work truck fleets catch problems early, reduce costs, and prevent downtime.
Read More →
Proven Ways to Reduce Work Truck Downtime
The age-old problem of downtime will always be a reality, but with new strategies at hand, fleets have more ways to keep trucks on the road longer.
Read More →
Cameras, Safety and Insurance: From Reactive Claims to Real-Time Prevention (Part 2 of 2)
Part Two: Commercial auto remains one of the most challenging and costly lines of coverage for fleet operators and insurers alike. Continue learning more about how to effectively address these issues from Onur Aksan, Enterprise Business Development Executive, Geotab
Read More →
Cameras, Safety and Insurance: From Reactive Claims to Real-time Prevention
Commercial auto remains one of the most challenging and costly lines of coverage for fleet operators and insurers alike. Learn more about how to effectively address these issues from Onur Aksan, Enterprise Business Development Executive, Geotab.
Read More →
Fleet Costs Are Rising: Here’s How Leaders Are Responding
Fleet leaders are under pressure to reduce costs, adapt to economic uncertainty, and make smarter decisions. See how peers across North America are responding with real data, proven strategies, and forward-looking insights. Download the 2026 Market Pulse Report to benchmark your strategy and uncover where you can gain an edge.
Read More →
Enterprise Fleet Management Surpasses 900,000 Vehicles in U.S. & Canada
Enterprise Mobility connects with mobility solutions around the globe
Read More →