Insurance

Allianz X swoops for majority stake in GT Motive

Madrid-based GT Motive makes a speciality of delivering auto information to the restore, insurance coverage, fleet, and leasing industries. The corporate goals to determine a extra open and collaborative ecosystem by offering entry to information to allow claims and restore digitalization, a launch stated. It at the moment operates in 28 counties, and processes over 5 million estimates annually.

Allianz X’s majority acquisition of GT Motive helps the latter’s world enlargement and accelerates GT Motive’s purpose of changing into a world chief in car information and claims automation for the auto restore business, a launch stated.

“Strong progress of an organization like GT Motive calls for a long-term imaginative and prescient and dedication, and GT Motive has present in Allianz X the perfect assist for a few years to return,” stated GT Motive CEO Ángel Martínez. “GT Motive’s position is to assist insurers, repairers and automobile producers within the claims and restore course of, and we’ll proceed loyal to our objective of contributing with revolutionary, open and collaborative expertise to return the automobiles again to the street effectively and in optimum security situations.”

“GT Motive offers highly-accurate information at aggressive costs and probably the most integrative, customer-centric platforms in the marketplace,” stated Allianz X CEO Dr. Nazim Cetin. “We see monumental potential to scale it up right into a hard-hitting heavy-weight. All it wants is a few extra muscle behind it—and that’s the place Allianz X can assist.”

Following closure of the transaction, the Einsa founding group will stay as a minority shareholder in GT Motive, and the present administration staff will probably be maintained.


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