Lexasure, My Automobile Advisor accomplice on data-driven automotive insurance coverage

Lexasure Monetary Group has teamed up with Singapore-based My Automobile Advisor (MCC) to collectively ship data-powered, self-insured automotive insurance coverage.

MCC focuses on offering complete automotive options for its shoppers.

Underneath the deal, Lexasure will assist MCC in delivering its shoppers quite a lot of captive car insurance coverage insurance policies as a part of the all-in-one resolution that the enterprise gives to motorists within the South-East Asia area.

MCC managing director Jeremy Yeo San stated: “We’re excited by the potential of this partnership to supply a variety of insurance coverage choices to our present and future clients, together with usage-based insurance coverage (UBI), on-demand insurance coverage, and prolonged guarantee merchandise.

“These merchandise are a pure match with our portfolio of providers that embrace accident providers, upkeep and restore, and fleet administration, on condition that we are able to monitor and self-perform required work at a excessive stage of effectivity. 

Lexasure will even analyse methods to utilise its community to handle captive insurance coverage for MCC in Singapore and Cambodia as a part of the collaboration.

The proposed strategic deal shall be executed topic to essential closing situations and regulatory approvals.

Lexasure’s options, together with reinsurance-as-a-service (RaaS), help clients in managing danger and boosting progress.

The group presently serves greater than 60 main insurers in 22 international locations within the Asian and North American areas. 

Final month, Lexasure launched a cloud-powered business-to-business-to-consumer (B2B2C) platform to assist insurance coverage corporations in enhancing competitiveness, enlargement and profitability.