Maxis And Etiqa Collaborate To Offer Comprehensive Usage-Based Insurance (UBI) Programme

Maxis and Etiqa are collaborating to offer a superior usage-based insurance (UBI) programme for their customers. Leveraging on the strength of Maxis mDrive as a proven vehicle tracking solution and Etiqa’s wide-range of general insurance premium offerings, this UBI programme will offer businesses greater cost savings and business efficiency.

mDrive is an easy, affordable vehicle tracking solution that optimises efficiency and productivity through monitoring of vehicle’s vital information, such as their vehicle’s location, mileage and engine health. The solution can also provide insight into driver behaviour patterns when benchmarked against international standards for safe driving. And on top of that, it is now UBI-ready.

mDrive along with this UBI programme enables businesses to enjoy the following benefits:

• Peace of mind - Businesses can monitor the location of their vehicles at anytime, anywhere and ensure it is where it should be. By tracking their vehicles, businesses can ensure the timely delivery of goods and services and thus improve customer satisfaction.
• Business efficiency – Monitoring and analysing driver behaviour generally encourages drivers to be more careful on the road. By driving more safely, the chance of an accident can reduce, thus improving general road safety and also reducing disruptions to business operations as vehicles remain in the best working conditions.
• Cost savings – Businesses with vehicles that are being tracked typically see their drivers take less risks on the road, for example reducing their driving speeds. As a result of careful driving, they see additional benefits in terms of less traffic summons and also a significant reduction in fuel costs. Accompanied with better insurance premiums, businesses can potentially enjoy significant cost savings.

“Maxis mDrive has attracted many businesses because it is a single solution that fits into any company’s fleet and is easily scalable at an affordable cost. Now, with the added benefit of readily available UBI driver scoring capabilities, Maxis is enabling businesses to enjoy further cost savings with lower insurance premiums from Etiqa. This partnership is in line with our goal in providing value-added innovative business solutions that will help businesses to operate more efficiently,” said Loong Tuck Weng, Maxis’ Head of Enterprise.

Kamaludin Ahmad, Group CEO of Maybank Ageas Holdings Berhad, the parent company of Etiqa Insurance Berhad and Etiqa Takaful Berhad said, “We are very pleased to collaborate with Maxis and to have the opportunity to make Malaysian roads a safer place for all.  Safe driving is no longer a matter of mere lip service, but the fact that the driving habits of business’ fleet drivers can be tracked and monitored means that they will be more cautious when they drive.  Under this programme, Etiqa is offering a unique UBI insurance only for mDrive customers, who will enjoy better premium rates. As they maintain their good driving behaviour over a period of one year, such offers will be extended and expanded on.”

For more information on mDrive with UBI, visit http://www.maxis.com.my/mdrive