AXA Companions, a part of AXA Group, and insurtech firm bolttech have teamed as much as roll out new embedded insurance coverage and help options throughout the EU, the UK and Switzerland.
The tie-up goals to broaden the vary of business-to-business-to-consumer (B2B2C) insurance coverage and help choices, masking varied sectors comparable to motor, journey, dwelling, credit score and life-style safety throughout the AXA Group.
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The collaboration will leverage bolttech’s experience as an insurtech firm and supplier of insurance coverage and know-how options, together with gadget safety.
It’s anticipated to create new enterprise alternatives, facilitating upsell and cross-sell prospects for enterprise companions.
AXA Companions chief buyer & technique officer Gunter Uytterhoeven stated: “Along with bolttech, AXA now presents the widest vary of insurance coverage options for B2B2C distribution within the EU, UK and Switzerland markets.
“Such a large provide, together of AXA and bolltech’s insurance coverage orchestration platform capabilities, is actually distinctive. Producing extra income from insurance coverage distribution whereas offering larger worth to clients, that is our promise to our company companions.”
The technique behind this alliance is to forge relationships with insurance coverage carriers, managing normal brokers, reinsurers and distribution companions.
The goal verticals for these relationships embody monetary companies, authentic gear producers, retail, telecommunications, journey and utilities.
bolttech EMEA CEO Stephan Tan said: “This settlement marks an thrilling step in bolttech’s development throughout Europe, the place we’re seeing sturdy momentum for embedded insurance coverage at scale.
“With AXA Companions, we’re bringing collectively complementary capabilities and a shared ambition to ship extra worth to companions and their clients by progressive insurance coverage experiences.”
Just lately, bolttech partnered with LOOP, the digital banking platform of NCBA Financial institution, to provide Kenyan shoppers a technique to finance and insure their digital gadgets.
