November 08, 2022
Mobilize Financial Services Teams with Accenture to Launch New Usage-Based Insurance
‘Mobilize Insurance’ to scale Renault Group’s usage-based car insurance business in Europe
PARIS; Nov. 8, 2022 – Mobilize Financial Services, a subsidiary of the Renault Group, has announced that it is to launch Mobilize Insurance, a car insurance specialist for the European market that will offer integrated usage-based car insurance for Renault, Dacia and Alpine customers. As part of the group’s ambition to create sustainable mobility for all, Mobilize Insurance will offer a ‘pay as you drive’ insurance model, with personalized pricing and offers.
Mobilize Financial Services is collaborating with global professional services company Accenture (NYSE: ACN) to build and operate the insurance platform from end to end, aiming to create optimized and unique experiences across the entire customer journey, from sales and loyalty, through to the claims process, enabled by an embedded insurance solution that leverages the connectivity of the car.
João Leandro, CEO of Mobilize Financial Services, said, “We’re moving from selling cars to selling kilometers, in response to the rise of connected vehicles and the growing demand for personalized services that meet the needs of our customers in real time. We believe this is an unprecedented move in the European market, intersecting the automotive and insurance industries.”
“New business models, enabled by technology, will need to be implemented to remain relevant to customers, accelerate the transition to net zero and drive future growth,” said Jean-Marc Ollagnier, CEO of Accenture for Europe. “Mobilize Financial Services’ launch is a prime example of doing this using industry-specific and cross-industry best practices, helping to shape the mobility market of tomorrow.”
About Mobilize Financial Services
As a partner caring for all its customers, Mobilize Financial Services builds innovative financial services to create sustainable mobility for all. A subsidiary of the Renault Group whose activity started almost 100 years ago, Mobilize Financial Services is the commercial brand of RCI Banque SA, a French Bank specializing in automotive financing and services for Alliance customers and dealers. With operations in 36 countries and nearly 4,000 employees, the group financed over 1.4 million contracts (new and used vehicles) in 2021 and sold 4.7 million services. At end 2021, average performing assets stood at €44.8 billion in financing and pre-tax income at 1,194 million. Since 2012, the group has rolled out a deposits collection business in several countries. At the end of December 2021, net deposits collected totaled €21 billion or 47% of the company’s net assets. To find out more about Mobilize Financial Services: www.mobilize-fs.com.
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