Mobilize financial services teams with Accenture to adopt a new consumption-based insurance
Mobilize Insurance aims to scale Renault Group’s usage-based motor insurance business in Europe
PARIS; Nov. 8, 2022 – Mobilize Financial Services, a subsidiary of the Renault Group, has announced that it will establish Mobilize Insurance, an auto insurance specialist for the European market that will offer integrated usage-based auto insurance for Renault, Dacia and Alpine customers. As part of the group’s commitment to bringing sustainable mobility to all, Mobilize Insurance will offer a pay-as-you-drive insurance model with personalized pricing and offers.
Mobilize Financial Services is partnering with global services company Accenture (NYSE: ACN) to build and operate the insurance platform from start to finish, with the goal of creating streamlined and unique experiences across the entire customer journey, from sales and loyalty to to claims process enabled by an embedded insurance solution that leverages the car’s connectivity.
João Leandro, CEO of Mobilize Financial Services, said: “We are moving from selling cars to selling kilometers in response to the rise of connected vehicles and the growing demand for personalized services that meet our customers’ needs in real time. We believe this is an unprecedented move in the European market, overlapping the automotive and insurance industries.”
“New business models enabled by technology must be implemented to remain relevant to clients, accelerate the transition to net zero and drive future growth,” said Jean-Marc Ollagnier, Accenture CEO for Europe. “The launch of Mobilize Financial Services is a prime example of how we leverage industry and cross-industry best practices to help shape tomorrow’s mobility market.”
About Mobilize Financial Services
As a partner that cares about all its customers, Mobilize Financial Services builds innovative financial services to create sustainable mobility for all. Mobilize Financial Services, a subsidiary of the Renault Group, which began operations almost 100 years ago, is the trademark of RCI Banque SA, a French bank specializing in vehicle financing and services for Alliance customers and dealers. With offices in 36 countries and almost 4,000 employees, the group financed over 1.4 million contracts (new and used cars) and sold 4.7 million services in 2021. At the end of 2021, average working assets amounted to €44.8 billion in funding and a pre-tax profit of €1,194 million. Since 2012, the group has launched debt collection business in several countries. At the end of December 2021, net deposits received totaled €21 billion, or 47% of the company’s net assets. To learn more about Mobilize Financial Services: www.mobilize-fs.com.
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