News Technology18 Feb 2021 Thailand:MSIG in venture offering kingdom's first 'pay as you drive' motor insurance plan

AIS Insurance Service, which is a part of the mobile and digital services company AIS, is working with MSIG, a global leader in insurance and financial services, with the support of the Office of Insurance Commission (OIC), to launch "Prakan Kubdee" (Good Driving Insurance), a full InsurTech vehicle insurance plan for the first time in Thailand.

“Prakan Kubdee” calculates premiums from real driving behaviour, innovating with the IoT and telecoms. It has been permitted by OIC to join trials in the Insurance Regulatory Sandbox.