Deal Street Asia: Asia Digest: Grab Financial, Paypal execs join new angel network; Carro launches car insurance

This article was first published on Deal Street Asia, written by Mars W. Mosqueda Jr..

Singapore-based online auto marketplace Carro announced the launch of the city-state’s first artificial intelligence (AI)-driven pay-per-kilometre insurance and maintenance plan for all types of cars, including electric vehicles.

The insurance product is distributed by Genie Financial Services, a Carro subsidiary, and underwritten by NTUC Income. With the new product, Carro said drivers can tailor their insurance premiums and maintenance coverage according to their lifestyle on a trusted digital platform.

Read the full article on Deal Street Asia here.

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