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Stock impact report

Ituran announces partnership agreement with Tokio Marine Insurance

Ituran Location and Control Ltd. - Ordinary Shares (ITRN) 
Last ituran location and control ltd. - ordinary shares earnings: 3/4 06:30 am Check Earnings Report
Company Research Source: PR Newswire
AZOUR, Israel, March 30, 2021 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced that Ituran Brazil has signed a strategic partnership agreement with Tokio Marine Insurance. The agreement includes both the telematics hardware and installation, as well as an ongoing monthly fee component. Ituran will provide the operator services and stolen vehicle recovery services.  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.Roberto Posternak, Commercial Director at Ituran Brazil said, "Ituran is recognized for its solid results in vehicle recovery and a high degree of service excellence. We have the largest base of monitored vehicles in Brazil. Through our advanced AI technology including big-data, routine analysis, business intelligence and machine learning, we are able to predict when and where events are likely to Show less Read more
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