Malaysian telco and Takaful giants join hands to offer tech-integrated insurance

Etiqa Insurance and Takaful will launch usage-based insurance (UBI) in collaboration with telecommunication services provider Maxis, leveraging the latter’s vehicle tracking solution (Maxis mDrive) allowing businesses to monitor the location of vehicles insured as well as the behavior of drivers. The UBI program is designed to reduce costs by encouraging better driving behavior on the road.

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