Malaysia To Have 1st Telematics Commercial Vehicle Insurance & Financing

AXA AFFIN General Insurance Berhad (AXA) with its strategic partnership with Hap Seng Trucks Distribution Sdn Bhd (HSTD) and Hap Seng Credit Sdn Bhd (HSC)o introduces AXA FlexiTruck.

AXA FlexiTruck is the first telematics commercial vehicle insurance in Malaysia to inculcate safe driving behaviour among FUSO light commercial vehicle truck drivers and help them understand their driving habits better through the installation of telematics security device.

Emmanuel Nivet, CEO of AXA, said, “As commercial vehicle transportation continues to grow in Malaysia, crash rates involving commercial vehicles remain high. It is important for us, as an insurer, to promote inclusivity and responsible driving behaviour to all road users, including light commercial vehicle drivers to mitigate the high accident and road fatality rate.”

“Together with our partner Hap Seng Trucks Distribution, we are committed to deliver our shared goal of providing added value and protection to our customers, at the same time making our roads better and safer for all.”

AXA FlexiTruck is underwritten by AXA to offer comprehensive protection to light commercial vehicle drivers with benefits including special motor insurance pricing, low claim excess of RM500 per claim and Personal Accident coverage worth RM50,000.

In addition, AXA FlexiTruck will be financed by HSC under FUSO Ez-Own, also the first telematics financing programme in Malaysia.

Roland Schneider, Chief Executive of HSTD, attested that the financing scheme is aimed at offering a simple and affordable protection solution to FUSO truck drivers.

“Truck drivers in Malaysia are among the most trained and highly skilled, but they are under protected due to lack of awareness and accessibility to affordable protection solutions. Our collaboration with AXA ties back to our mission to leverage on innovative product offerings to address the drivers’ needs, while giving them peace of mind on the road,” Roland said.

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