The deal was initially signed three years ago and has allowed digital distribution in 19 countries across Asia, Europe and the Middle East with 18 distribution partners.
Under the renewed agreement, Ancileo will power AXA Partners’ end-to-end digital solutions for its distribution partners. It will also expand its listing of partners and products to meet the e-commerce needs of industry players. The partnership will focus on digital platforms and ecosystem distribution, meeting the growing demand for personalisation and speed to market, the companies said in a statement.
Appetite for travel is back
“Appetite for travel post-Covid is widespread, with greater importance attached to insurance,” said Xavier Blanchard, AXA Partners Travel Insurance CEO and global Head of travel at AXA Partners. “To support this accelerated growth, cutting edge e-commerce capabilities are a key element, particularly to optional models that present a greater technical challenge for e-commerce. Our partnership with Ancileo will contribute to meeting these challenges, better addressing partners’ needs and strengthening our position as a leading insurer.”
Olivier Michel, Founder and CEO of Ancileo, added: “Three years ago, when most of the global insurers were still trying to compete with the insurtech players, the teams at AXA Partners had already understood the benefits of a strong partnership between insurtech companies and insurers. Building on this successful collaboration, we now aim to accelerate the potential of personalised insurance distribution through digital ecosystems.”