WESTLAKE, Texas, Nov. 4, 2014 /PRNewswire/ -- Solera Holdings, Inc. ("Solera", "we" or "our") (NYSE: SLH), a leading global provider of software and services to the P&C insurance claims processing and decision support industries, focused on risk and asset management of vehicles as well as property, announced its expanded International Co-operation Agreement with Allianz, an international financial service company serving over 83 million customers.
The recently concluded Allianz-Solera Global Summit, a biannual technology and innovation summit held in Munich, Germany, focused on next generation platforms and innovative solutions serving the digital needs of Allianz's auto and property customers. At the conclusion of the Summit, the two companies also signed an agreement expanding their international partnership to cover new countries and products and services from Solera.
"We're proud of the foundation we've built over the last decade based on delivering value and profitable innovation and believe our expanded global partnership offers an even more exciting future," said Tony Aquila, Solera's founder, Chairman and CEO. "We look forward to being the technology partner in the area of risk and physical asset management across auto and property in the 70 + countries in which Allianz operates."
"The Solera companies have helped us realize tremendous efficiencies in automotive claims management globally," said Dr. Rüdiger Schäfer, Head of Group Operations at Allianz SE. "The customer is at the heart of everything we do, and Solera's existing and innovative new solutions will help us build enhanced customer value and experience for new generations of users."
About Solera:
Solera is a leading global provider of software and services to the P&C insurance claims processing and decision support industries, focused on risk and asset management of vehicles as well as property. Solera is active in over 70 countries across six continents. The Solera companies include: Audatex in the United States, Canada, and in more than 45 additional countries; Informex in Belgium and Greece; Sidexa in France; ABZ and Market Scan in the Netherlands; HPI and CarweB in the United Kingdom; Hollander serving the North American recycling market; AUTOonline providing salvage disposition in a number of European and Latin American countries; IMS providing medical review services; Explore providing data and analytics to United States property and casualty insurers; Service Repair Solutions, a joint venture with Welsh, Carson, Anderson & Stowe, that provides solutions for the service, maintenance and repair market; and I&S, a provider of software and business management tools, third-party claims administration, first notice of loss and network management services to the U.S. auto and property repair industries, specializing in glass claims. For more information, please refer to the Solera's website at http://www.solerainc.com.
Cautions about Forward-Looking Statements:
This press release contains forward-looking statements, including statements about the expected benefits and value to be derived from the expanded global cooperation agreement and the use of our software and services. These statements are based on our current expectations, estimates and assumptions and are subject to many risks, uncertainties and unknown future events that could cause actual results to differ materially. Actual results may differ materially from those set forth in this press release due to the risks and uncertainties inherent in our business, including, without limitation: the failure to realize the expected benefits from the global cooperation agreement; risks associated with the uncertainty in and volatility of global economic conditions; effects of competition on our software and service pricing and our business; rapid technology changes in our industry; risks associated with operating in multiple countries; our reliance on third-party products; and effects of security breaches on our business and reputation. For a discussion of these and other factors that could impact our operations or financial results and cause our results to differ materially from those in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, particularly our Annual Report on Form 10-K for the fiscal year ended June 30, 2014. Solera is under no obligation to (and specifically disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
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SOURCE Solera Holdings, Inc.
