Grab and Chubb partner to supply in-app services

On-demand transportation and fintech platform Grab has announced a partnership with Chubb to offer insurance solutions for Grab’s driver-partners. The companies will also explore leveraging data technology from Grab’s platform, including telematics, machine learning and predictive analytics to offer insurance solutions personalised to the specific needs of different private-hire vehicle drivers in Southeast Asia.

The partnership was announced as part of the launch of Grab Financial, the fintech platform within the Grab ecosystem. Encompassing all of Grab’s fintech offerings, Grab Financial offers payments services, rewards and loyalty services, financial services and agent services.

Paul McNamee, regional president, Chubb Asia Pacific, said, “We are delighted to work with a digital pioneer like Grab to protect their 2.6 million driver-partners. Our insurance partnership is evolving from traditional group personal accident coverage for drivers to more digital options directly offered from the Grab app. We will also work with Grab’s customer and partner-centric platform to introduce relevant, convenient and affordable digital insurance options in the eight countries where Grab operates. Overall, this partnership is an exciting step in our digital strategy to meet growing insurance needs in Asia Pacific.”