International private medical insurance (IPMI) provider NextGen i.i. has signed a strategic reinsurance agreement with AXA Health.
The agreement, which came into effect in January, will see AXA support the launch of NextGen’s IPMI products in Latin America and the Caribbean, providing reinsurance coverage to the company.
“We are honoured to have AXA Health as our reinsurer,” said Ricardo Gonzalez Padilla, CEO of NextGen i.i. “This partnership will allow us to expand our product offerings and provide our customers with even greater value and peace of mind.”
Laurent Pochat-Cottilloux, CEO of AXA Life & Health Reinsurance Solutions, added: “This agreement will enable AXA Health to combine our industry-leading capabilities and resources to provide reinsurance coverage to NextGen i.i., who is delivering innovative insurance solutions aiming to meet the evolving needs of customers in the Latin America and the Caribbean region.”
Stefan Mohamed explored the growing market for IPMI among globally mobile professionals in the January 2024 issue of ITIJ.