Having already demonstrated, through our exciting cooperation with Grohe, how technology and insurance solutions can help existing market leaders successfully enter new markets, I would like to present you a topic from the automotive sector.
Leoni, a world market leader in the field of intelligent cables, together with MunichRE and relayr, are on the way to significantly increase availability in the automotive industry and guarantee the increase in productivity. The area on which we focus first will be robotic systems, which plays a very important role in the highly automated car production. Our partnership is based on a unique combination of hardware, software, and insurance tools. With its LEONiQ Technology, Leoni will provide the foundation of the solution and allow us to process data from any robotic system. At relayr, we will then be able to correlate this data with data from a wide variety of systems and provide the first systemic view and prediction of process efficiency in production. A project that is perfectly made for our AI/ML solution catalog. Finally, our parent company, MunichRE, will issue guarantees for increased availability and thus round off the package. This unique combination will enable Leoni and relayr to bring an unprecedented offering to the market that will have a lasting positive impact on the availability and efficiency of production in the automotive industry.
Personally, it makes me very proud to be part of this journey. The project described here is only possible because insurance know-how is coupled with technology and market understanding. This further confirms the rationale behind the MunichRE takeover of relayr. The cooperation with Leoni is characterized by a spirit of partnership, which allows us to go quickly, innovatively, and very transparently into implementation and rollout.
We officially launched the project at the Hanover Fair and were delighted to be able to discuss these and other exciting projects with you, our valued customers and business partners, in detail during the fair. Our team was pleased to have intensive discussions and an inspiring exchange of views. Perhaps at the end of this dialogue, there will be a similarly exciting project like the one we were able to implement with Grohe or Leoni.