AXA launches enhanced business protection plan for SMEs

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AXA Affin General Insurance has launched Business Advantage Plus (Enhanced), or BAPE, a business protection plan for small and medium enterprises (SMEs).

The policy covers fire and other insured perils, such as burglary, public liability, and workmen’s compensation, according to a statement from AXA’s Malaysian general insurance arm.

It also provides an “inconvenience allowance” with two payout benefits. The first benefit comes within five working days after the incident (applicable only to physical damage), and a second of up to 10% of claims payable for selected plans will be paid upon receipt of full documents and claims verification.

BAPE also

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Chubb enters into travel insurance partnership

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Chubb has announced the launch of a new travel insurance partnership with Travix, a global online travel company.

The collaboration will offer Chubb’s travel insurance plans to customers using Travix websites to make their travel arrangements. Customers can arrange for immediate coverage through Travix websites when booking their trip.

The collaboration is supported by Hepstar, a specialist in travel ancillary product optimisation. It will develop and deliver personalised product offerings to customers across EMEA, the US, Latin America and Asia-Pacific, Chubb said.

“We are proud to have the opportunity to work with Travix in the global online travel distribution space,”

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The Independent Kalifa Review of UK FinTech

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Over the past decade, the UK has been quietly undergoing a FinTech revolution – in jobs, innovation, improvements to people’s lives and in increased opportunities in global trade.

A look at the record of achievement helps project the true picture, read the executive summary of the The Kalifa Review of UK FinTech, a government independent review to identify priority areas to support the UK’s FinTech sector.

Let’s quickly scroll back 10 years. Back then, it took days to open a current account. Now you can be onboarded in minutes, and more safely and securely, leveraging RegTech solutions and challenger

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Geneva Association unveils multinational insurer task force

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The global re/insurance companies represented on the task force include Achmea, Aegon, AIG, Allianz, Aviva, AXA, Chubb, Daichi Life, Hannover Re, Intact Financial, Manulife, MetLife, Munich Re, Prudential Financial, SCOR, Swiss Re, and Tokio Marine.

The task force has also released its new report, “Climate Risk Assessment for the Insurance Industry,” which found that for both P&C and life re/insurers, climate change poses different levels of physical and transition risks to both sides of the balance sheet, liabilities, and assets. The report is meant to serve as a foundation for the association to design and test methodologies and tools for

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