Habit and Icare join forces to provide car insurance solutions in Portugal and launch a partnership with Volvo Car Portugal

Habit, an insurtech specialized in embedded insurance, and Icare, the subsidiary of the insurer BNP Paribas Cardif dedicated to automotive warranty services in Europe, announce a partnership to distribute Icare products in Portugal. This collaboration begins with Volvo Car Portugal, enabling the availability of the Used Vehicle Warranty product across the brand’s entire dealer network.

Through this partnership, Habit will act as an insurance intermediary, ensuring that Icare’s product reaches dealers and customers in a simple and efficient way. The solution provides protection against financial losses resulting from mechanical, electrical, or electronic failures that may occur in connection with the sale of used vehicles by dealerships.

“This partnership shows how insurance can move from being a standalone product to becoming a natural part of the mobility experience. That is exactly Habit’s role: connecting brands, technology, and protection at the right moment. Starting with Volvo is just the first step in bringing new Icare solutions to Portugal, designed for the reality of today’s automotive market,”

João Madureira Pinto, Chief Growth Officer at Habit

“It is essential for Icare to work with agile and innovative partners pursuing its ambition to guarantee today the mobility of tomorrow. Building on our partnership culture, this collaboration with Habit will allow us to expand our presence in the Portuguese market by bringing our products to dealers and customers, starting now with Volvo,”

Cyril Petit, Global Head of Mobility, BNP Paribas Cardif and Chief Executive Officer of Icare

In addition to the Used Vehicle Warranty, the partnership opens the door to introducing other Icare products, such as warranty extensions, and solutions for electric vehicles.

With this partnership, Habit, Icare, and Volvo Car Portugal strengthen trust and security in the automotive sector, providing dealers with tools that enhance their offering and giving end customers greater peace of mind when purchasing used vehicles.