The programme is designed to help develop Insurtech solutions, grow them, commercialize and scale them in ways that can aid the seamless distribution, claims management, technical underwriting, customer management, and payment for Insurance services across different segments of the market. According to Rashidat Adebisi, the Chief Client Officer of the company, this programme is designed to leverage the years of experience, expertise, and capabilities that AXA Mansard has built to empower Insurtechs around the country through their incubation, growth, and scale circle.
According to her “this programme represent another milestone in our 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 perception about Insurance, and ultimately distribute wealth through employment that our cohorts will create”
Commenting on the programme Bayo Adesanya, Chief Digital Innovation Officer, AXA Mansard Insurance, explained that the Innovation Exchange Programme is another way AXA Mansard is accelerating insurance with digital transformation.
According to him, “currently, we are enabling several insurtech and fintech organisations. We have developed amazing solutions with these ecosystem partners and continue to look for opportunities to do more. The Innovation Exchange programme is another opportunity, and we are excited about the possibilities. Our conviction is that Insurance plays a critical role in the economy, and it must be driven via both physical and digital partnerships. Unfortunately, the Insurtech space is not as developed like its other cousins in fintech, HealthTech and others. So, this is our own way of increasing the number of tech businesses providing solutions for Insurance”
“We will be offering the partners selected through this Exchange our mentorship, guidance and potentially a platform to launch. We look forward to a great, mutually beneficial and innovative relationship with all of them”, Adesanya noted.
AXA Mansard is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). The Company offers life and non-life insurance products and services to individuals and institutions across Nigeria whilst also offering asset/investment management services and health insurance solutions through its two subsidiaries – AXA Mansard Investments Limited and AXA Mansard Health Limited, respectively. The parent company was listed on the Nigeria Stock Exchange in November 2009.