Hyundai Marine & Fire Insurance Collaborates with Hyundai Motor Zero1 in Mobility Sector

Hyundai Marine & Fire Insurance announced on the 2nd that it has signed a memorandum of understanding (MOU) with Hyundai Kia Motors Zero One to explore support and collaboration plans for startups in the mobility sector.

[Asia Economy Reporter Oh Hyung-gil] Hyundai Marine & Fire Insurance announced on the 2nd that it has signed a Memorandum of Understanding (MOU) with Hyundai Kia Motors Zero1 to explore support and collaboration plans for startups in the mobility sector.

Through this agreement, both companies plan to mutually cooperate by jointly supporting outstanding startups in the mobility field, exploring collaboration opportunities, and sharing future follow-up investment opportunities.

Zero1 is a program where Hyundai Motor Group’s operational teams discover startups with excellent capabilities based on ideas, conduct collaborative projects, and verify and develop the potential applications of various innovative technologies.

Jung Kyu-wan, Head of Digital Strategy Division at Hyundai Marine & Fire Insurance, said, "As mobility technologies and services rapidly advance, the risks faced by customers using them are also increasing. Through collaboration with Hyundai Motor Zero1, which possesses know-how and insights in nurturing mobility startups, we will support outstanding startups and develop this into a great opportunity to link with the insurance industry."

Meanwhile, Hyundai Marine & Fire Insurance plans to develop various 'UBI Auto Insurance Products' utilizing the Hyundai Motor Group vehicle data open platform Developers, through collaboration with startups, including insurance products for customers using AI-based integrated mobility services.

This content was produced with the assistance of AI translation services.