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AXA Affin unveils Malaysia’s first telematics-based motor insurance
The Star Online, Tuesday, 11 July 2017. KUALA LUMPUR: AXA Affin General Insurance Bhd has become the first insurance company to take advantage of the detariffed auto insurance environment by launching its AXA FlexiDrive, Malaysia’s first telematics-based motor insurance. The
technology would help drivers better understand their driving behaviour through the installation of a special tracking device and the use of the AXA FlexiDrive mobile app in an insured vehicle. Discounts of up to 20% of the premiums can be offered upon renewal of a motor insurance policy with AXA Affin depending on the driver’s behaviour that takes into consideration speed, mileage and harsh driving.
“We give you benefit discounts if you drive well but we do not penalise the driver if he does not drive so well. We do not penalise drivers by raising their premiums,” AXA Affin General Insurance’s chief transformation & operation’s officer management Rohit C Nambiar said at a press conference during the launch yesterday. Users have to pay a security deposit of RM70 for the telematics device but AXA Affin said other devices that are in the market or already installed in vehicles would also be accepted provided they meet a certain technical standard and is compatible with the system. Malaysia is the first country in the Asia Pacific Region in which AXA Affin operates in to have such a telematics technology for its motor insurance. The technology also offers peace of mind while driving with round a clock vehicle security and theft recovery system in which users receive real-time alerts when any vehicle faces sabotage or damage is detected. In cases of theft, AXA Affin will work with the police to recover the stolen vehicle upon receiving the police report. The telematic technology also gives users enhanced safety on the road where in the event of accidents an alert will be automatically triggered and upon verification, an emergency medical assistance will be dispatched to the exact crash location. AXA Affin presently has this telematic technology as an insurance option in more than 11 countries over the world.
“We did a test in Malaysia before this launch for one million km on 144 vehicles. Over the period of eight months we’ve only had two minor accidents but more importantly we noticed that people have become more aware of their driving behaviour,” Rohit said.
“This is the power of telematics, where suddenly someone like me who thinks I am a good and safe driver realises that I am not such a good driver after all. Stolen cars can also be recovered in just a short span of time,” he added. Read more at http://www.thestar.com.my/business/business-news/2017/07/11/axa-affin-unveils-malaysias-first-telematicsbased-motor-insurance/ .99
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AXA Motor Insurance Flexi Drive 1st Telematics Motor Insurance in Malaysia
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The 1st Telematics Motor Insurance That Rewards You For Being A Safe Driver. Connect your car with premium discounts, safety and security on the road…at no additional premium! FlexiDrive
You deserve to be rewarded for being a safe driver. AXA FlexiDrive is the motor insurance that gives you that while offering enhanced safety and security to keep you even safer on the road! Key benefits explained
Safe Driving Bonus Up To 20%
AXA FlexiDrive tracks your driving behavior and rewards you with up to 20% savings on your next motor insurance renewal
Enhanced Safety Features
Automatic Accident Alert will be triggered when your vehicle is in a severe accident (impact exceeding severity threshold)
24/7 Vehicle Security & Theft Recovery
Real time alerts and police assistance upon customer notification for vehicle recovery
Smart Connectivity For Your Vehicle
Check your car status on the AXA FlexiDrive mobile app, including car battery battery and ignition status
Interested in AXA Flexi Drive Motor Insurance product? Please call ACPG Hotline +603-92863323 or whatsapp careline +6011-12239838. All data subject to the Personal Data Protection Act (PDPA) will be handled confidentially.
2. Your data will not be shared with third parties other than appointed AXA FlexiDrive vendors; unless you request to have the data forwarded, or due to legal disclosure obligation to a court or authority.
3. You can request to have your driving behavior data deleted at any time. The Safe Driving Bonus ceases to apply and the insurance contract is adjusted to the standard comprehensive policy premium. We reserve the right to request for the AXA FlexiDrive telematics device returned.
4. All data subject to the Personal Data Protection Act (PDPA) will be handled confidentially. What Is Motor Insurance Liberalisation In Malaysia? Better Protection For Malaysians With The Liberalisation Of Motor Insurance. Motor Insurance Detariffication or Liberalisation. Effective 1 July 2017, motor insurance in Malaysia will be de-tariffed. Insurance companies will be able to practice risk-based pricing, and use their own method to calculate premiums for car insurance, based on the risk profile of the customer. For more information on your malaysia motor insurance detariffication and how it affects you, click on the link here https://www.facebook.com/acpg.management
Insurans Motor AXA, Insurans Kereta AXA,
AXA Malaysia Motor Insurance, AXA Motor Insurance Cheras, AXA Motor Insurance Ampang, AXA Motor Insurance Kuala Lumpur, AXA Motor Insurance Selangor
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