Award-winning global Insurtech BOXX Insurance that combines cyber insurance and security has announced the launch of a cutting-edge cyber risk mitigation solution in collaboration with AXA, aimed at providing crucial support to small businesses
Tag: AXA
Everyone Is Buying Travel Insurance, Claims Abound
As people take to the skies again, travel insurance is becoming more popular than ever. That isn’t always a good thing for the companies that provide coverage. Global insurers say they are selling more policies at higher prices as travel recovers from the pandemic, with young people particularly enthusiastic. Some insurers have expanded coverage to… Continue reading Everyone Is Buying Travel Insurance, Claims Abound
Insurer AXA Halts Ransomware Crime Reimbursement in France
In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals. AXA, among Europe’s top five insurers, said it was suspending the option in response to concerns aired by French justice and cybersecurity officials during a… Continue reading Insurer AXA Halts Ransomware Crime Reimbursement in France
AXA and Western Union to Collaborate to Provide Inclusive Insurance
AXA today announced the launch of a collaboration with The Western Union Company, a leader in cross-border, cross-currency money movement and payments, to provide inclusive insurance products to Western Union’s customers using its westernunion.com service. By linking insurance to money transfer services, the two groups will help to better cover migrant workers and their families… Continue reading AXA and Western Union to Collaborate to Provide Inclusive Insurance
AXA Splits Asset Manager, Makes $156 Billion Alternative Arm
AXA SA plans to create a 137 billion-euro ($156 billion) asset-management unit to cater to the growing demand for real estate and other alternative assets. The French insurer will divide its asset-management business in two units: alternatives under Isabelle Scemama and a 536 billion-euro “core” division arm led by Hans Stoter, according to a statement… Continue reading AXA Splits Asset Manager, Makes $156 Billion Alternative Arm
KKR-Led Funding Round Gives $100 Million to Startup Policygenius
Online insurance startup Policygenius raised $100 million from investors including KKR & Co. and venture capital operations backed by Axa SA, Massachusetts Mutual Life Insurance Co. and Transamerica. The company has annual revenue of $60 million, which is 10 times higher than in 2017, when it last completed a round of fundraising, Policygenius said in… Continue reading KKR-Led Funding Round Gives $100 Million to Startup Policygenius
France’s AXA Provided Insurance Cover for Two Notre Dame Contractors
French insurance firm AXA said on Tuesday it provided insurance coverage for two of the contracting firms that were working on Notre-Dame’s restoration prior to the blaze that devastated the cathedral. The fire ripped through the cathedral’s roof, where workers from a number of contractors had been carrying out extensive renovations to the spire’s timber-framed… Continue reading France’s AXA Provided Insurance Cover for Two Notre Dame Contractors
AXA Reports Lower 2018 Net Profit after IPO Costs and Natural Disasters
Net profits at AXA, Europe’s second biggest insurer, fell sharply as a result of charges related to its U.S. unit’s initial public offering (IPO) and a spate of natural disasters, although AXA hoped for higher earnings this year. Its 2018 Net profit fell 66 percent from a year earlier to 2.14 billion euros ($2.42 billion),… Continue reading AXA Reports Lower 2018 Net Profit after IPO Costs and Natural Disasters