NAVYA and AXA launch a partnership to develop insurance solutions tailored to autonomous vehicles
Villeurbanne, France, October 3, 2018– To mark the opening of the 2018 Paris Motor Show, NAVYA, a leading company in the autonomous vehicle market and in smart and shared mobility solutions, and AXA, a global leader in insurance and asset management, announce the launch of a 3-year partnership to develop insurance solutions tailored to autonomous vehicles.
Within the framework of this partnership, AXA will provide NAVYA with insurance solutions to accompany its vehicle manufacturing business but also to design customized insurance offers for its operator clients. Co-promotion actions will also be undertaken to support NAVYA’s development using the two brands’ strengths. Lastly, thanks to data sharing, AXA will gain a more in-depth knowledge of autonomous vehicles, notably in order to offer insurance solutions that are increasingly suited to this new type of mobility.
“This partnership with AXA is an important milestone in NAVYA’s development. For a benchmark player in autonomous mobility, it is strategic to be able to join forces with a global insurance leader in order to develop a specific solution for users of new transport services, and hence contribute to enhancing our offering and improving our quality of service”, said Christophe Sapet, CEO of NAVYA.
“We are delighted to be launching this partnership with NAVYA. By supporting its development, we will enhance our knowledge of the risks associated with the emergence of autonomous vehicles, and thus be able to provide offers and services that are increasingly adapted to our clients. In keeping with our previously-announced collaborations with innovative new transport players, this partnership further strengthens our ambition of being the benchmark insurer for new types of mobility”, added Guillaume Borie, Chief Innovation Officer of AXA.
|ABOUT THE AXA GROUP|
The AXA Group is a worldwide leader in insurance and asset management, with 160,000 employees serving 105 million clients in 62 countries. In 2017, IFRS revenues amounted to Euro 98.5 billion and IFRS underlying earnings to Euro 6.0 billion. AXA had Euro 1,439 billion in assets under management as of December 31, 2017.
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.
It is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.
This press release and the regulated information made public by AXA pursuant to article L. 451-1-2 of the French Monetary and Financial Code and articles 222-1 et seq. of the Autorité des marchés financiers’ General Regulation are available on the AXA Group website (axa.com).
THIS PRESS RELEASE IS AVAILABLE ON THE AXA GROUP WEBSITE axa.com
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Corporate Responsibility strategy:
NAVYA is a leading French name in the autonomous vehicle market and in smart shared mobility solutions.
With more than 200 employees in France (Paris and Lyon) and in the United States (Michigan), NAVYA develops, manufactures and commercializes autonomous, driverless, and electric vehicles that combine robotic, digital and driving technologies at the highest level.
Since 2015, NAVYA has been the first to market and put into service autonomous mobility solutions, shuttles and cabs. NAVYA has a range of two autonomous vehicles: the AUTONOM®SHUTTLE, launched in September 2015, of which more than 100 have already been produced as of today and 89 sold in 17 countries as of June 30, 2018, notably in the United States, France, Germany, Switzerland, Japan and Australia, and the AUTONOM®CAB, unveiled in November 2017 and whose first road tests will start shortly.
Created in 2014 by Christophe Sapet and Robolution Capital 1 (managed by 360 Capital Partners), his reference shareholder, NAVYA’s shareholders also include the Gravitation fund and Paris Region Venture Fund (Région Île-de-France) managed by Cap Decisif Management as well as Valeo and Keolis groups.
NAVYA is listed on the Euronext regulated market in Paris (ISIN code: FR0013018041- NAVYA).
For more information visit:www.navya.tech/en