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Grab, ZhongAn form JV to distribute insurance products in Southeast Asia

A man walks past a Grab office in Singapore March 26, 2018. (Photo:REUTERS/Edgar Su)
A man walks past a Grab office in Singapore March 26, 2018. (Photo:REUTERS/Edgar Su)

Grab and ZhongAn Online P&C Insurance’s unit formed a venture to create a digital platform to distribute insurance products in Southeast Asia.

Users will be able to buy insurance products through through the Grab mobile app, without going through an agent or broker, the companies say in a statement Wednesday (16 January). The platform will be launched in Singapore in the first half of 2019, before being rolled out in other markets.

The venture will also collaborate with global insurance partners to develop products tailored specifically to Southeast Asian’s lifestyle needs.

Grab said it would start by offering a drivers’ insurance product to its drivers in Singapore in conjunction with insurer Chubb.

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