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Insurance

Thai insurer offers world's first auto coverage to start and stop with engine

Thaivivat and telco AIS aim to cut policy costs to attract uninsured drivers

BANGKOK -- A Thai insurer has introduced the world's first insurance policy that automatically switches on when the driver starts the car, aiming to cut the costs of automotive cover by as much as 40%. 

Thailand's mid-sized nonlife insurer Thaivivat Insurance has teamed up with the nation's largest telecom service provider Advanced Info Service to integrate internet of things solutions into its minute-by-minute motor insurance service.

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