Zurich Insurance partners with YAS

Zurich Insurance (Hong Kong) announced a partnership with insurance startup YAS to launch a rewards-based motor insurance program for eligible EV and electric hybrid taxi drivers in Hong Kong.

Zurich will introduce a three-tier insurance program, powered by YAS’s TAXY platform, which uses AI-assisted pattern learning to deliver a scoring system that tracks individual driving behavior. Drivers who prioritize safety will be rewarded with personal accident coverage, with additional coverage and benefits being offered to those who qualify for higher safety tiers – such as coverage for the driver’s properties for those in the second tier, and personal accident coverage to the driver’s family members in the third.

“Hong Kong’s taxis are the heartbeat of our city’s dynamic economy, connecting communities and powering daily life. Through this partnership with YAS Insurance, we hope to play a part in modernizing the taxi industry. More importantly, this reflects our commitment to supporting taxi drivers with protection that not only safeguards their livelihoods but also contributes to a more sustainable and resilient transport ecosystem.” – Eric Hui, Chief Executive Officer of Zurich Insurance (Greater China).

“Our vision at YAS is to make every taxi ride in Hong Kong and beyond safer for both drivers and passengers through real-time risk assessment and smarter use of data. Partnering with Zurich allows us to raise service standards, improve fleet efficiency, and bring greater peace of mind on the roads. This program will keep evolving, with new incentives, rewards, and partnerships — from e-commerce to electric charging — to strengthen the entire taxi ecosystem and set the stage for wider adoption.” – William Lee, Co-Founder of YAS.