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Tag: axa

  • Singtel, AXA launch safe driving smart car service

    Singtel, AXA launch safe driving smart car service

    Singtel has collaborated with AXA Insurance to launch a joint smart car solution aimed at promoting better and safer driving habits.

    The joint solution comprises a Modus smart car device synchronized with a cloud-based smart car application over Singtel’s mobile networks. It analyzes driving patterns through a vehicle’s On-Board Diagnostic (OBD) port.

    Features include driver analysis covering areas such as breaking, acceleration and speed, real-time location monitoring to make it easier for users to find their car and trip history, and provide driving scores based on analysis of this data.

    The solution can also monitor engine health information and provide scheduled maintenance reminders, and provide alerts for speed and mileage limits and geo-fence boundaries.

    To promote the new solution, Singtel and AXA are offering a year worth of free AXA car insurance to the safest driver in Singapore using the solution. Drivers will need to travel at least 3,000km during the contest period.

    “The smart car solution is yet another innovative service that we are bringing to our customers, following the successful launch of Singtel SmartHome,” Singtel CEO consumer Singapore Yuen Kuan Moon said.

    “Now, our customers can enjoy an integrated connected lifestyle both in and out of the home. The solution will allow car lovers to track their driving habits and empower them to have a smarter drive.”

  • AXA Financial Indonesia seeks new customers from digital platform

    AXA Financial Indonesia seeks new customers from digital platform

    Life insurer AXA Financial Indonesia, part of the AXA Indonesia Group, launched a digital tool to expand its customer base on Monday.

    The tool provides easy access to information for several purposes, namely creating a children’s education fund, retirement fund, business capital and tourism or pilgrimage fund.

    AXA Financial Indonesia chief agency officer Nina Ong said the tool and products were directed at modern dynamic citizens, ages 25 to 45 years old.

    The company expects the tool to help attract 20 percent to 30 percent of such citizens as its new clients and expand its customer base, which is now served by about 14,000 agents.

    AXA Financial Indonesia’s move is part of an overall strategy by the insurance industry, which has continued to report low insurance penetration despite Indonesia’s status as the largest economy in Southeast Asia.

    Data from the Financial Services Authority (OJK) shows that the insurance penetration ratio stood at 2.63 percent only, as of September, below the ratios in Malaysia, Singapore and Thailand at over 5 percent.

    AXA Financial Indonesia booked Rp 1.44 trillion (US$108.03 million) in total revenue in the first nine months of 2016, a more than sixfold increase compared to the same period in 2015, supported by positive results in its investments.

  • AXA, Alibaba, Ant Financial enter global partnership

    AXA, Alibaba, Ant Financial enter global partnership

    AXA, Alibaba and Ant Financial Services have agreed jointly explore opportunities to distribute AXA’s insurance products and services through Alibaba’s global e-commerce ecosystem.

    The deal is expected to benefit the businesses and consumers that transact via Alibaba’s marketplaces. The companies will work together to co-innovate and to develop value-added products and services to customers around the world and mutually support each other in developing and exploring new markets and segments.

    The first phase of the collaboration will see AXA develop various insurance products for users of AliExpress, Alibaba’s wholesale marketplaces and Ant Financial Services.

    AliExpress is a global retail marketplace targeted at consumers worldwide. AXA will develop and provide insurance products for AliExpress’ global customers, including extended warranties for repairs and/or damaged goods and enhanced online payment protection.

    On Alibaba’s wholesale marketplaces (Alibaba.com,1688.com), AXA will provide insurance products to small and medium businesses globally who are trading on these platforms.

    AXA will offer travel insurance products for Chinese travelers going overseas through Ant Financial Services, an Alibaba-affiliate.

    These insurance products and services will be developed by AXA’s local entities according to the customers’ local requirements.

    “Our collaboration with industry-leader AXA is a key part of Alibaba’s globalization strategy and our vision to enable small businesses and consumers alike to enjoy the convenience and benefits of e-commerce in a safe trading environment,” Alibaba Group president Michael Evans said.

    “As cross-border e-commerce grows rapidly, it is critical that we evolve our services and offerings to the businesses and consumers that conduct trade on our platforms. The collaboration between AXA and Alibaba will enable us to create new solutions and ultimately improve the overall customer experience.”