Carro, South East Asia’s automotive marketplace, has launched a behaviour and usage-based car insurance (UBI) in partnership with Mitsui Sumitomo Insurance Group Holdings (MSIG), a member of MS&AD, a Japanese insurance company.

Launched by management consulting platform ritchee and insured by Generali France, ritchee Life is a “100% clean-share” life insurance policy. According to the company, the new offering is transparent on costs and without retrocessions for the intermediary, invested primarily in…