Money Hacks Ep 63: What are vehicle protection services?

15:13 min

Synopsis: In this fortnightly podcast series on Mondays, The Business Times breaks down actionable financial tips.

How different are vehicle protection services from car insurance? Ernest hosts Manfred Schmoelz, president of the Asia-Pacific region for Assurant, as he answers the following:  

1. What should consumers look out for, when buying a new car? (4:00)

2. What about some Singapore car owners who only intend to keep their cars for 3 to 5 years? Do they need to consider different approaches when choosing a vehicle protection service? (6:02)

3. The changing profile of the Asian consumer. (9:10)

4. How AI adoption - combined with human supervision and compassion -  helps make claims and turnarounds faster and more efficient, and reduce fraudulent cases. (10:22)

Produced by: Ernest Luis and Lee Kim Siang

Edited by: Adam Azlee

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