BERLIN, Oct. 12 (Xinhua) -- German car manufacturer Daimler and global reinsurance giant Swiss Re have launched Movinx, a 50-50 joint venture (JV), to "transform the automotive and mobility insurance business," the two companies announced on Monday.
Movinx would be established as an insurance intermediary and service provider. According to the statement, the aim is to develop a fully digital business model that meets changing customer needs and offers "best-in-class service quality."
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