Today, AXA Affin General Insurance (AAGI) has launched AXA FlexiDrive, a new motor insurance that uses telematics to enable buyers to save money on their insurance premiums, as well as to provide a range of emergency and vehicle recovery services.

At the heart of the service is a small device installed at the car’s battery, which tracks certain parameters such as speed, harsh acceleration and braking as well as mileage to establish the owner’s driving behaviour. Safe driving enables customers to accumulate discounts of up to 20% on their premiums, which they will be able to enjoy upon their next renewal.

In addition, the device will also be able to detect an accident, and whether the impact exceeds a pre-determined severity threshold; once verified, emergency medical assistance will be dispatched to the exact crash location. Owners will also be notified if any vehicle sabotage or damage is detected, and in the case of theft, AXA will work with the police to recover the vehicle once a police report is received.

An AXA FlexiDrive app is also available, allowing users to view their Safe Driving Discounts, received personalised driving tips and check their car battery status on their smartphones. There’s no extra cost to the service – a standard comprehensive motor insurance premium and a refundable deposit of RM70 for the device is all that’s required, and customers will not be penalised for harsh driving.

The device, produced by CSE (same company that does Cobra alarm and tracking), features GPS, a SIM card and a accelerometer, but while users will be able to track the location of their car at any time using the AXA FlexiDrive app, AXA will only receive telematics for tracking driving behaviour. All data collected is used in compliance with the Personal Data Protection Act (PDPA) and will be handled confidentially.

“We are committed to providing better value and experience to our motor insurance customers, while contributing to improved road safety in Malaysia. According to the Malaysia Institute of Road Safety Research (MIROS) and the General Insurance Association of Malaysia (PIAM) statistics, one road accident occurs every minute and one car is stolen every 24 minutes in Malaysia.

“I am confident that AXA FlexiDrive will help us make strides in improving road and vehicle safety in Malaysia,” said AAGI CEO Emmanuel Nivet.