Arval subsidiary Greenval insures 1m vehicles

Global leasing and mobility solutions specialist Arval has announced a major milestone for its fully owned subsidiary, Greenval Insurance, which has reached a new industry benchmark insuring over one million vehicles across Europe under its innovative fleet insurance solutions.

The company said the achievement underscores Greenval’s data-driven approach to fleet safety and cost efficiency, its commitment to a more sustainable mobility and electric vehicle (EV) adoption, and also, the strong partnership built with Arval and their clients. It also highlights the flexibility to insure diverse fleets, including vehicles outside Arval’s fleet and specialised risks, across 20 European countries.

Greenval’s integration within Arval’s ecosystem enables real-time data sharing, which allows for precise pricing strategies and optimized Total Cost of Ownership (TCO). Leveraging data management through its connected services solution Arval Connect, Arval can incorporate and guide driver behaviour which is a key factor for competitive pricing and risk management.

Supported by the BNP Paribas Group and partnerships, Greenval delivers resilience and cost efficiency for clients. Beyond these advantages, customers benefit from the flexibility to insure their entire fleet, not just Arval vehicles, and to cover specialized risks such as mid-term rental products and last-mile delivery services.

Greenval is accelerating expertise in emerging technologies such as EVs and advanced driver-assistance systems (ADAS), while anticipating future trends like autonomous vehicles to ensure accurate pricing and comprehensive coverage for technologically advanced fleets.

Bart Beckers, Chief Commercial Officer of Arval, commented: “Greenval is a captive insurer that now operates at the full scale required to compete with the largest automotive insurers in the European market.

“It has full access to all relevant fleet and client data collected and managed within Arval’s broader ecosystem, enabling the creation of tailored solutions and their efficient deployment across the Arval network. This includes expertise in the new generation of EV technologies, anticipating their mainstream adoption in the years ahead.

Based in Dublin, Greenval’s experts benefit from the best of both worlds: insurance specialization and deep mobility knowledge, allowing us to deliver highly efficient insurance products and services to customers and drivers at an optimal and sustainable Total Cost of Ownership (TCO).”