AXA Switzerland has introduced its addProtect bancassurance solution, leveraging additiv’s technology platform.
This offering seeks to enable banks to safeguard their mortgage customers against key risks through a plug-and-play solution.
Go deeper with GlobalData
AXA Switzerland’s addProtect is designed to provide banks with direct access to the platform, eliminating the need for extra integration with their current IT systems.
With death and payment protection insurance, bank advisors can provide products that deliver added value beyond their current offerings.
The platform is now available for banks, with an initial pilot programme set to launch in partnership with PostFinance.
In addition to insurance, additiv offers its API (application programming interface)-first cloud platform for wealth management, banking and credit services.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataBased in Switzerland, additiv has regional offices in Singapore, the United Arab Emirates, Germany and the UK and employs more than 250 people.
The company claims to serve more than 400 financial institutions globally, including banks, insurers, asset managers and pension providers.
AXA Switzerland head of partnerships Samuel Peter said: “With addProtect, AXA is responding to the growing need of customers and banks for appropriate insurance solutions where and when they are needed.
“The solution creates additional advisory potential and better protection for the customers of our partners’ banks. We look forward to making the solution available to other partners.”
additiv general manager Switzerland Dieter Lützelschwab said: “When developing addProtect, we focused on the user experience for the customer and the bank advisor.
“In addition, our platform provides an easily configurable, modular insurance solution that covers the entire value chain from quotation to claims processing.”
Last month, AXA XL, another unit of the French insurance group AXA, introduced an endorsement to its cyber insurance policy.
The endorsement addresses challenges companies may face when developing their own generative AI models.
In August, AXA Hong Kong and Macau, another member of the French group, launched a heatwave parametric insurance offering in Hong Kong.
The product provides protection for outdoor workers against the risks associated with rising temperatures.
