Insurer to deepen market expansion through Insurtech Accelerator

An underwriting firm, AXA Mansard Insurance, has revealed plans to deepen insurance coverage in Nigeria through the introduction of the Insurtech accelerator tagged, ‘The Innovation Exchange Programme’.

The Chief Client Officer of the underwriter, Rashidat Adebisi, at the weekend, said the new programme was designed to assist develop Insurtech solutions, grow them, commercialise and scale them in ways that would aid seamless distribution, claims management, technical underwriting, customer management and payment.

“The new programme represents another milestone in continued commitment to our purpose of acting for human progress by protecting what matters. We are convinced that the success of this programme will raise the profile of our Industry, make insurance protection available to more people, address some of the cultural perceptions about insurance and ultimately distribute wealth through employment that our cohorts will create,” she said.

The Chief Digital Innovation Officer, Bayo Adesanya, said the innovation exchange programme was another way AXA Mansard would accelerate insurance growth and digital transformation.

“Currently, we are enabling several insurers and fintech organisations. We have developed amazing solutions with these ecosystem partners and continue to look for opportunities to do more.

“The solution is also another opportunity, and we are excited about the possibilities. Our conviction is that Insurance plays a critical role in the economy and must be driven via both physical and digital partnerships,” he said.