AXA renews partnership with Shift Technology
The collaboration to implement Shift Technology’s solutions across AXA’s processes has been extended for a further five years
Insurance provider AXA has renewed its collaboration with Shift Technology, an artificial intelligence (AI) insurtech specialist, for a further five years.
The extension of the strategic partnership will see the two firms work together to deploy AI-driven solutions across AXA’s worldwide operations, in processes such as claims, fraud detection, and underwriting. These solutions are already used in 15 markets that AXA operates in, across parts of Europe, Asia, and Latin America.
“At AXA, AI is a key enabler of our strategy to combine technology with human expertise,” said Claudio Gienal, Chief Transformation Officer at AXA European Markets. “Thanks to our ongoing collaboration with Shift, we have already delivered tangible results in fraud detection, claims efficiency, and customer experience.”
Jeremy Jawish, CEO and Co-Founder of Shift Technology, added: “AXA has been one of the first global insurers to embrace AI not as a side initiative, but as a core capability. Together, we’re proving how explainable, insurance-specialised AI can create lasting value across an entire group.”
AXA Partners recently announced a partnership with embedded insurance specialist bolttech.