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

Discover Money Hacks Podcast fortnightly on Mondays and rate us on:

Channel: http://bt.sg/btmoneyhacks

Apple Podcasts: http://bt.sg/oeXe

Spotify: http://bt.sg/oeGN

Google podcasts: http://bt.sg/oeGd

Website: http://bt.sg/moneyhacks

Feedback to: podcast@sph.com.sg

Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

Thank you for your support! ST & BT Podcasts picked up a silver medal for Best Digital Project to engage younger and/or millennial audiences at 2019 Asian Digital Media Awards by Wan-Ifra: https://str.sg/Jw5T 

Money Hacks Ep 63: What are vehicle protection services?
15:13 min
Synopsis: In this fortnightly podcast series on Mondays,&nbsp;The Business Times&nbsp;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:&nbsp;&nbsp;
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 - &nbsp;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
Discover Money Hacks Podcast fortnightly on Mondays and rate us on:
Channel:&nbsp;<a dir="ltr" href="https://omny.fm/shows/money-hacks-1" data-saferedirecturl="https://www.google.com/url?q=https://omny.fm/shows/money-hacks-1&amp;source=gmail&amp;ust=1598667217677000&amp;usg=AFQjCNGEkRmjgn37J_c3J0VK9aS2rYUVBA">http://bt.sg/btmoneyhacks</a>
Apple Podcasts:&nbsp;<a href="https://bt.sg/oeXe" data-saferedirecturl="https://www.google.com/url?q=https://bt.sg/oeXe&amp;source=gmail&amp;ust=1598667217677000&amp;usg=AFQjCNGymvC8DnTcCWZQ8KHxFon1eiQvXQ">http://bt.sg/oeXe</a>
Spotify:&nbsp;<a href="https://bt.sg/oeGN" data-saferedirecturl="https://www.google.com/url?q=https://bt.sg/oeGN&amp;source=gmail&amp;ust=1598667217677000&amp;usg=AFQjCNGJnrwC0hrUJhB7Eox6waBu6ZsQQg">http://bt.sg/oeGN</a>
Google podcasts:&nbsp;<a href="https://bt.sg/oeGd" data-saferedirecturl="https://www.google.com/url?q=https://bt.sg/oeGd&amp;source=gmail&amp;ust=1598667217677000&amp;usg=AFQjCNG6CCCT_odmESPau2zFU0sQQy-r4g">http://bt.sg/oeGd</a>
Website:&nbsp;<a href="https://bt.sg/moneyhacks" data-saferedirecturl="https://www.google.com/url?q=https://bt.sg/moneyhacks&amp;source=gmail&amp;ust=1598667217677000&amp;usg=AFQjCNERNtREVl3t1nxoqwMmHjC9b7zUeA">http://bt.sg/moneyhacks</a>
Feedback to:&nbsp;<a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.
Thank you for your support! ST &amp; BT Podcasts picked up a silver medal for Best Digital Project to engage younger and/or millennial audiences at 2019 Asian Digital Media Awards by Wan-Ifra:&nbsp;<a href="https://str.sg/Jw5T" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/Jw5T&amp;source=gmail&amp;ust=1578122690758000&amp;usg=AFQjCNEM_xR8h4wbRMTQGmO35O9WvWA_IQ">https://str.sg/Jw5T</a>&nbsp;

Synopsis: Almost every weekday, our ALL-IN-ONE channel showcases discussions on Singapore youth perspectives and social issues, geopolitics through an Asian lens, health, climate change, personal finance and career.

Follow our shows on your favourite audio apps Apple Podcasts, Spotify or even ST's app, which has a dedicated podcast player section.

Produced by podcast editor Ernest Luis & The Straits Times, SPH Media.

Synopsis: Almost every weekday, our ALL-IN-ONE channel showcases discussions on Singapore youth perspectives and social issues, geopolitics through an Asian lens, health, climate change, personal finance and career.
Follow our shows on your favourite audio apps Apple Podcasts, Spotify or even ST's app, which has a dedicated podcast player section.
Produced by podcast editor Ernest Luis &amp; The Straits Times, SPH Media.

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