AXA XL Launches Risk Innovation Incubator

AXA XL has launched Cube, a six-week program designed to enable risk managers to work alongside the firm’s risk and innovation team to develop innovative risk management solutions for complex risks.

Source: Captive Insurance Times | Published on November 18, 2019

The program includes a series of workshops in which AXA XL and its clients will experiment and test new solutions, resulting in a prototype and business case.

As part of the program, clients will have access to a team of innovation, digital and analytics experts, risk specialists and AXA XL’s technology partners if needed.

Philippe Gouraud, global head of strategic distribution at AXA XL, said: "Cube supports our goal to go beyond traditional insurance to become a comprehensive partner to our clients. The program’s structured and well-tested approach allows us to offer our clients a robust environment to innovate.”

Hélène Stanway, digital leader at AXA XL, added: “Evolving technologies and new ways of harnessing data are transforming the way companies work, and the way we are able to gain risk insights to support them.”

“Over recent years, we have successfully completed and scaled a number of innovative proofs of concept. It is now time to leverage what we have learned, through a structured and repeatable approach, to work even more closely with our clients and help them solve some of their most challenging risk management issues.”