Having acquired the 100 percent of the shares of OnePath Life, life insurance company of ANZ Banking Group (one of Australia’s leader banks), previous week for 2.2 billion USD; Zurich Group continues its acquisitions without losing speed. The Group has announced on 22 December that it has acquired 100 percent of the shares of Bright Box HK Limited (Bright Box) and its subsidiaries. Bright Box has operations in Europe and conducts business globally, providing telematics solutions.
Bright Box already has business relationships with leading global OEMs (Original Equipment Manufacturers) and hundreds of dealerships worldwide, providing the entire stack of connected car technology like cloud IT platform, mobile and web apps, hardware, as well as the connectivity between them. This acquisition will facilitate new insurance services leveraging telematics-enabled data analytics and will increase Zurich’s capabilities in connected car technologies and mobility.