Grab-led GXBank teams up with Zurich to offer affordable insurance
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GXBANK, a Malaysia-based digital bank backed by Grab and Singtel, has entered into a 10-year partnership with Zurich General Insurance Malaysia and Zurich Life Insurance Malaysia to develop cost-effective insurance products.
Their initial product, slated for launch in the third quarter of this year, aims to safeguard customers from unauthorised transactions resulting from cybercrime.
Such a product holds significance in the country, as the number of online fraud cases has doubled in 2023 compared to 2019.
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