Stellantis Financial Services US and bolt have embarked on a strategic partnership to revolutionize the automotive insurance sector.
Stellantis Financial Services US operates as the captive automotive finance company of Stellantis in North America, providing a range of financial services solutions. On the other hand, bolt stands out as the InsurTech leader with the world’s largest technology-enabled insurance exchange.
The collaboration aims to enhance the insurance purchasing process for customers of Stellantis’s iconic brands—Chrysler, Dodge, Jeep®, Ram, Fiat, and Alfa Romeo. By integrating bolt’s advanced technology, Stellantis aims to offer customised insurance solutions accessible directly through their brand websites and mobile applications.
This partnership will simplify the automotive insurance purchasing journey, offering tailored coverage options through diverse distribution channels. The plans include expanding to usage-based insurance models that leverage telematics, data, and analytics to provide personalised service to each customer.
Stellantis Financial Services US managing director Mark Buffa said, “Stellantis customers today want choice, context, and simplicity when selecting their auto insurer. It’s important that insurance offerings keep up with customer demands. Partnering with bolt and their established insurer partners, we’re confident that customers and their vehicles will be better protected.”
bolt Chief Strategic Growth Officer Rob Bauer said,”Stellantis has an ambitious vision for how insurance can enhance their customers’ experience. We’re honored to join Stellantis on this multi-year journey and help write the future of embedded insurance.”
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