Clearwater International advises FairConnect S.p.A. on the acquisition of G-Evolution S.r.l. from Groupama Assicurazioni
Clearwater International has advised FairConnect S.p.A. (FairConnect), a leading specialised provider of connected insurance services, on the acquisition of G-Evolution S.r.l. (G-Evolution) from Groupama Assicurazioni.
Headquartered in Switzerland with significant operations in Italy and France, FairConnect, a Palamon Capital portfolio company, is one of Europe’s leading insurance services providers within the motor and property sectors. It offers a wide range of services for insurance carriers and connected policyholders designed to satisfy their strategic priorities.
G-Evolution is the captive telematics service provider of Groupama Assicurazioni, specialising in analysing telematics data using advanced AI algorithms and proprietary platforms.
As part of the transaction, FairConnect and Groupama Assicurazioni have set up a long-term strategic partnership agreement for the provision of advanced connected insurance solutions aiming at enhancing the current service offer of the insurer leveraging on advanced IoT technologies.