Solera Announces Global Cooperation Agreement With Allianz

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Solera Holdings, Inc.
SLH
today announced a new agreement making Solera the exclusive preferred global provider of automobile insurance claims processing software and services for Allianz SE, a leading global financial services provider. Solera's mission with this agreement is to provide Allianz with essential software solutions, data services and support in 28 markets in which Allianz and Solera work together and to continue to focus on innovative products and services that help motor insurance policy holders receive a world class claims handling experience. "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. 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. This agreement is the single largest global agreement Solera has ever signed and will create substantial value for Allianz and Solera," said Tony Aquila, founder, Chairman and CEO of Solera. "The agreement will continue to strengthen relationships among our respective local companies, resulting in an acceleration of benefits for all stakeholders."
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