Singapore: Private-hire cars get 1st usage-based auto cover

Ride-hailing platform Grab and AXA Insurance Singapore yesterday announced the launch of Southeast Asia's first usage-based commercial motor insurance for private-hire car drivers. Called AXA Pay-As-You-Grab (AXA PAYG), the policy is a tailored solution that caters to the need for flexibility by private-hire drivers who only pick up passengers part-time.