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Nan Shan, Gogoro team up on usage-based insurance SAFE RIDERS: The special vehicle insurance policy’s premium is determined by a rider’s behavior on the road, such as speed, distance, driving habits By Kao Shih-ching / Staff reporter Nan Shan General Insurance Co (南山產險) yesterday launched the nation’s first usage-based insurance (UBI) policy in collaboration with Gogoro Inc (睿能創意), with the special policy expected to benefit safe riders. Unlike traditional vehicle insurance policies, in which premiums are calculated based on the insured’s age, gender and driving record, UBI premiums would be determined by the insured’s behavior on the road. ....
DBS Bank provides aid for social enterprises Staff writer With many businesses hit hard by the COVID-19 pandemic this year, DBS Bank Ltd (星展銀行) has stepped up its support of social enterprises (SE) with a disbursement of loans and grants totaling S$9 million (US$6.74 million) to provide much needed assistance for social enterprises, it said, adding that it is committed to promoting the development of social enterprises. DBS also announced that 13 Asian social enterprises, including Taiwan-based Sense Innovation (森思眼動), Milk House (鮮乳坊) and Tsai Tung Agriculture (菜蟲農食), have been awarded grants and loans as part of the 2020 DBS Social Enterprise Grant Programme. According to Karen Ngui (魏洪英), DBS Foundation board member and head of group strategic marketing at DBS Bank, “companies must not only think about delivering value to shareholders, but also consider the interests of the communities they serve.” ....