Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

AXA and Democrance expand partnership

Thursday, 05 21 2020, Category: Insurance and Reinsurance, Country: World
Democrance has joined forces with AXA to cater to the needs of the low- and middle-income classes across several countries including Thailand, Mexico, Egypt, and the Gulf.

Together with Democrance, AXA is providing insurance via partnerships with mobile operators, money transfer operators, microfinance institutions, digital wallets, super apps, and financial institutions.

“Inclusive insurance products are primarily designed for those who do not have access to or cannot afford traditional insurance but are still- or especially- in need of social protection. Insurers are eager to provide products but have no way to access and service these consumers in ways that are cost efficient enough to keep premiums low. Digital technologies have really changed the game and levelled the playing field in this respect, lowering administrative and acquisition costs, and AXA stands out as an insurance partner that has a proven strategy to inclusively target this underserved population. We are really excited and happy to be partnering on this with them globally.” – Michele Grosso, Chief Executive Officer of Democrance.

“Four years ago AXA set up a business dedicated to protecting tomorrow’s middle class across emerging markets because we believe it to be one of the key paths to sustainable impact. We are confident that this partnership with Democrance will help us achieve our objective of inclusive protection for all, building upon the power of technology.” – Garance Wattez-Richard, Head of AXA Emerging Customers.

Last year, Democrance and AXA started working together in Thailand, providing insurance to the customers of a mobile operator based on individual customers’ spending behavior and patterns. In the UAE, AXA and Democrance provide insurance to domestic workers using Rise as well as to the migrant workers and their families who remit via money transfer operator HelloPaisa. Last, Democrance and AXA will launch similar solutions in Egypt and in Mexico.

All copyrights reserved, Arab Reinsurance 2016 ©