Source: PR Newswire

Insurtech company YAS announced a strategic partnership with JOIE, a next-generation Hong Kong taxi fleet operated by Tai Wo Management, to introduce an AI-powered insurance solution based on real-time driving behavior analysis. The initiative aims to enhance operational efficiency, improve road safety, and offer more flexible and transparent protection for professional drivers.

In the initial phase, approximately 1,000 hybrid and electric taxis will be deployed, each integrated with YAS’s proprietary AI-driven scoring and insurance adjustment system. The platform evaluates driving behavior—such as hard braking, sharp turns, and time of operation—in real time, adjusting risk levels and premiums dynamically. Coupled with an incentive-based rewards program, the system is designed to encourage safe driving, reduce accidents and insurance costs, and accelerate the adoption of electric vehicles to support emission reduction efforts.

Aaron Ng Hoi-shan, Managing Director at Tai Wo Management, the parent company of JOIE, said, “Our mission has never been simply to replace vehicles, but to raise the operational standards of the entire industry. This partnership with YAS allows us to manage and reward driver performance with data, strengthening professional integrity and delivering a taxi experience that passengers can truly trust.”

William Lee, Co-Founder of YAS, noted, “We created YAS TAXY with the goal of quantifying and recognizing safe driving behavior—shifting how insurance and fleet operations are fundamentally structured. This collaboration with JOIE is a major step forward in applying smart mobility in real-world settings, where technology moves beyond the backend to make a tangible impact on daily road safety and public trust.”

Read the full article: https://en.prnasia.com/releases/apac/yas-partners-with-joie-to-launch-hong-kong-s-first-taxi-fleet-with-driving-behavior-based-insurance-494635.shtml