Grab has announced a joint venture with Chinese online insurance group ZhongAn allowing south-east Asian users to purchase insurance through the Singaporean ride-hailing app, building on the breadth of its services and its regional presence.
Grab said in a statement on Wednesday the platform would offer affordable insurance products and launch in Singapore in the first half of 2019 before rolling out in other south-east Asian markets.
“The launch of our insurance platform is part of our commitment to becoming the leading everyday super-app in the region,” said Ming Maa, president of Grab, in the statement.
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