Grab Partners China’s ZhongAn To Offer Digital Insurance Marketplace In SE Asia

Grab Partners China’s ZhongAn To Offer Digital Insurance Marketplace In SE Asia

Grab has entered into a joint venture with Chinese Internet-based insurer ZhongAn Online P&C Insurance Co to allow Southeast Asian users to purchase insurance products through a digital platform.

The platform will offer a range of insurance products at reduced premiums, directly through the Grab mobile app.

“Our mission is to bring relevant and affordable financial services to Southeast Asia,” said Reuben Lai, head of Grab Financial. “Through this partnership, we hope to provide our users, driver-partners and merchants with relevant and affordable insurance protection from life’s uncertainties.

The platform is scheduled for launching in Singapore in the first half of 2019, before being rolled out in other markets.

[Sources: 1, 2]

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