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Hong Kong insurers want devices in taxis to monitor bad driving, slash accident rates, before premiums can come down

  • Database of traffic offences can help to weed out bad drivers, insurance body says
  • Operators willing to install more safety devices in vehicles, but call for government subsidies

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Taxi operators should do something to address poor driving standards if they want lower insurance premiums, a leading industry figure has said. Photo: Felix Wong

Hong Kong’s taxi operators will have more bargaining power to deal with skyrocketing premiums if they fix drivers’ bad habits and slash the number of road accidents, the head of a leading insurance industry body has said.

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Selina Lau Pui-ling, CEO of the Hong Kong Federation of Insurers, suggested installing electronic devices in taxis to track cabbies’ behaviour on the road, and having a central database of their traffic offences to weed out the bad ones.

“To tackle the soaring premiums for taxis, everybody should take a step to address this issue,” she told the Post. “The government should enact a law requiring taxis to be compulsorily equipped with safety devices and provide the operators some subsidies to do so.”

Average annual premiums rose by more than a fifth from HK$28,050 in 2019 to HK$33,902 last year. The Post earlier reported the record premium of almost HK$150,000 for a taxi that was involved in an accident. The cabby was fined HK$1,000 for careless driving.
Selina Lau, CEO of the Hong Kong Federation of Insurers. Photo: Jonathan Wong
Selina Lau, CEO of the Hong Kong Federation of Insurers. Photo: Jonathan Wong
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Unhappy operators have been pressing the government to either allow them to charge passengers an extra HK$6 per trip as an insurance surcharge, or approve their request to raise fares by more than 20 per cent.

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