ITRN - Ituran inks partnership agreement with Tokio Marine Insurance
Ituran Location and Control (ITRN) announces that Ituran Brazil has signed a strategic partnership agreement with Tokio Marine Insurance.Ituran to provide the operator services and stolen vehicle recovery services, which inlcudes both the telematics hardware and installation, as well as an ongoing monthly fee component.Tokio Marine Insurance is currently the 4th largest insurance company in the Brazilian auto insurance market, providing services and working with over 33 thousand brokers and advisors in the country.Shares +2.5% pre-market.
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Ituran inks partnership agreement with Tokio Marine Insurance