FINTECH SINGAPORE: Carro and MSIG Launches AI-Powered Behaviour Based Insurance to Reward Safe Drivers

This article first appeared on Fintechnews Singapore.

Carro has launched a behaviour and usage-based car insurance (UBI) in partnership with Mitsui Sumitomo Insurance Group Holdings (MSIG).

Drivers in South East Asia will be able to enjoy tailored insurance policies and pricing that reflect their actual driving behaviour. This will be done by applying data science which analyses driver behaviour and distance travelled.

There will be additional incentives to reward those who adopt safe driving practices. The technology may even be able to predict the likelihood of a driver getting into an accident in the future.

This UBI programme will launch first in Indonesia before embarking upon a full rollout to Thailand, Malaysia and the wider South East Asia region.

For more information, read the full article here

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