Grab inks JV with China's ZhongAn to build digital insurance marketplace

Grab inks JV with China's ZhongAn to build digital insurance marketplace

A GrabCar driver uses the Grab app on a smartphone in Singapore. Photographer: Ore Huiying/Bloomberg

As part of its strategy of becoming an everyday “superapp”, Southeast Asian ride-hailing company Grab has partnered with Chinese Internet-based insurance firm ZhongAn to form a digital insurance distribution joint venture.

Grab and ZhongAn said, in a joint statement, the JV will create a digital insurance marketplace in Southeast Asia to offer online insurance products in different categories with fractionalised premiums.

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