Singapore: MSIG to run usage-based auto insurance pilot study

MSIG Insurance will embark in March on a Usage-Based Insurance (UBI) pilot study targeted at the local consumer market, the company said in a statement yesterday. UBI is a programme where drivers allow their driving data to be shared with insurance companies who will review the driver’s eligibility for discounts on insurance premiums. MSIG Insurance's six-month pilot study will test the feasibility of using telematics in Singapore, in a partnership with the automotive technology supplier, the CSE Group.