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Solera signs largest software agreement in company history with Allianz

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Jan. 24, 2012—Solera Holdings Inc. recently signed an agreement making the company the exclusive provider of automobile insurance claims processing software for Allianz SE, a global financial services provider.

Tony Aquila, founder, chairman and CEO of Solera, said the agreement is the single largest global contract the company has ever signed.

Through the agreement, Solera said it will provide Allianz with essential software solutions, data services and support in 28 markets to improve the claims handling experience for auto insurance policy holders.

Solera said it will also work with Allianz at global and local levels on product development and delivery. There will be enhanced cooperation agreements between local Allianz companies and local Solera companies, including establishing a framework for new agreements in countries where the two local companies do not have any previous agreements.

"It is a real privilege to be awarded this exclusive agreement by Allianz. We are very excited about Allianz's commitment to innovation and the importance it places on technology. As its exclusive preferred global provider of automotive claims software and services, we will work tirelessly to enhance its global value proposition,” Aquila said. “The Allianz commitment to global growth and approach to standardize processes while giving its operating entities the freedom to build local businesses is one we admire and follow at Solera. The agreement will continue to strengthen relationships among our respective local companies, resulting in an acceleration of benefits for all stakeholders."

Solera provides software and services to the automobile insurance claims processing industry in nearly 60 countries. The Solera companies include Audatex, Informex, Sidexa, ABZ, Market Scan, HPI, AUTOonline, Explore and IMS. 

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