AXA Partners, the Business-to-Business-to-Consumer unit of French insurer AXA, has extended its strategic partnership with insurance software provider Ancileo.
With the renewed partnership, both parties plan to tap the various opportunities in the travel insurance market post-pandemic.
Ancileo provides insurance coverage know-how, API and insurance coverage software programme options to insurers.
The technology developed by the insurtech facilitates integrations across the complete journey, from fully embedded within the purchase funnel to stand alone white label customer interface and other offline contact factors.
Under the renewed agreement, Ancileo will continue to power AXA Partners’ end-to-end embedded insurance digital solutions for its distribution partners
It also plans to expand its partners and offering to cater to the e-commerce requirements of industry players.
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Furthermore, both parties will focus on digital platforms and ecosystem distribution to suit the evolving demand for personalisation, agility and speed to market.
AXA Partners global head of travel and AXA Partners Travel Insurance CEO Xavier Blanchard said: “Appetite for travel post-Covid is widespread, with greater importance attached to insurance. 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 highly contribute to meeting these challenges, better addressing partners’ need and strengthening our positioning as a leading insurer.”
Ancileo founder and CEO Olivier Michel added that the renewed partnership with AXA Partners will accelerate the potential of personalised insurance distribution through digital ecosystems.
AXA Capital and Ancileo first came together three years ago for the digital distribution of insurance solutions across 19 countries across Asia, Europe and the Middle East.
Last September, AXA Partners UK & Ireland reportedly entered into a new long-term contract with Coverwise, extending its existing alliance with the travel insurer.