Data and telematics insurtech Nirvana Insurance has reached an agreement with MS Transverse Insurance Company, a subsidiary of MS&AD Insurance Group Holdings, to boost its capacity, accelerate its growth trajectory and enable the delivery of best-in-class insurance solutions.
The added support of MS Transverse and the global resources of MS&AD positions Nirvana to expand its industry impact. Both firms have a similar long-term vision and highly stable financial footing ensuring a robust partnership for years to come.
Aside from this partnership, Nirvana also announced continued support and capacity from its reinsurance panel.
Rushil Goel, Chief Executive Officer (CEO), Nirvana Insurance, commented, “We are thrilled to join forces with MS Transverse who not only bring the financial strength our customers demand but are also aligned to our vision of harnessing the power of data to change the insurance landscape.
“This partnership represents a significant milestone in our journey, opening up new avenues for innovation and further solidifying our position as a leader in the commercial trucking insurance space.”
Dave Paulsson, CEO, MS Transverse Insurance, added, “Our partnership with Nirvana Insurance represents a strategic investment in the future of how we utilize data in commercial insurance.
“We are impressed by Nirvana’s innovative approach and unwavering commitment to safety and innovation. Together, we will unlock new opportunities and drive positive change in the industry.”
