AXIS Capital partners with start-up Plug and Play to boost innovation
Bermuda-based specialty re/insurer AXIS Capital Holdings said on Aug. 24 that it has partnered with digital start-up Plug and Play to boost digital innovation.
Plug and Play is a global innovation platform that connects start-ups to corporations and invests in over 150 companies every year.
The move is set to enable AXIS to gain access to digital insurance start-ups while providing mentorship and technical support, along with underwriting and actuarial expertise, to help turn their ideas into products or services, according to the statement.
“AXIS has a proven entrepreneurial track record and our alliance with Plug and Play will allow us to partner with the entrepreneurs who are helping to drive innovation in insurance and reinsurance,” said Chris DiSipio, CEO of AXIS A&H and executive sponsor of the company’s insurtech initiative.
“We are the perfect partner for bringing their ideas to life and are committed to insurtech as a driver of future growth, both for AXIS and the (re)insurance industry.”
To help address the rapid and transformative changes underway within the re/insurance industry, AXIS will work with property/casualty, life/health and general insurtech start-ups that have been accepted to Plug and Play’s insurtech programme. This 12-week program attracts applications from hundreds of start-ups from around the world that utilize technology, data and analytics to develop innovative new business models, products and services.
“We are thrilled to have AXIS Capital as a new partner of our platform,” said Ali Safavi, Plug and Play insurtech director. “Our team intends to leverage this partnership and AXIS’ expertise in the field to continue to drive innovation and change in the industry with the hope of creating the ultimate start-up ecosystem for insurtech.”
AXIS will focus on the areas of insurance, reinsurance, health, Internet of Things (IoT), fintech and mobility, with leaders from different business areas serving as program mentors and technical advisors.
Join us in London on October 3rd for Intelligent InsurTECH Europe 2017
Today’s stories
Verisk Analytics in $151m LCI acquisition
SCOR opens P&C representative office in Kenya, names head
JLT Re appoints Thailand managing director from Willis
UK non-life insurers to raise premiums to offset claims inflation
ABI criticizes compulsory off-road vehicle insurance
Munich Re launches parametric insurance product with JLT
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze