Insurtech firm YAS has joined forces with JOIE, a taxi service operated by Tai Wo Management, to introduce Hong Kong’s first real-time, behaviour-based insurance solution for professional drivers.
Under the agreement, some 1,000 hybrid and electric taxis will be equipped with YAS’s AI-driven scoring and premium-adjustment platform, which continuously monitors indicators such as hard braking, sharp cornering and hours of operation to calculate individual risk profiles.
Premiums will be dynamically adjusted in accordance with each driver’s score, reinforcing the “better driving = lower premiums” principle, while an incentive-based rewards programme seeks to further encourage safe habits, reduce accident rates and lower overall insurance costs.
The collaboration centres on three key upgrade areas.
First, JOIE will progressively replace its fleet with new hybrid and battery-electric models to enhance ride quality and cabin comfort in line with the city’s green mobility targets.
Second, the YAS TAXY solution will harness artificial intelligence and real-time telematics to deliver independent driver behaviour scoring and transparent risk management.
Third, future enhancements will roll out passenger-facing features such as AI-powered language translation, trip-protection services and in-vehicle virtual assistants, aimed at elevating the customer experience.
Fleet managers will gain access to a comprehensive dashboard offering live performance tracking, driver rankings and reward monitoring, enabling more stable operations and reinforcing professional standards.
Tai Wo Management managing director Aaron Ng Hoi-shan said the partnership “allows us to manage and reward driver performance with data, strengthening professional integrity and delivering a taxi experience that passengers can truly trust.”
YAS co-founder William Lee said the YAS TAXY platform “quantifies and recognises safe driving behaviour, shifting how insurance and fleet operations are structured, and bringing smart mobility benefits to everyday road safety.”
The initiative dovetails with Hong Kong’s anticipated Smart City Blueprint 3.0, leveraging AI-driven risk management and data-enabled fleet operations.
