AXA and Western Union launch inclusive insurance pilot
French insurer AXA has partnered with Western Union to provide inclusive insurance products to better cover migrant workers and their families.
An initial pilot, called ‘Transfer Protect’, launched in France with AXA Partners, offers Western Union’s customers sending money through its global payments platform the option to sign up for a life and disability insurance solution.
Thomas Buberl, CEO of AXA, said: "AXA is committed towards providing inclusive insurance, a business with high social impact. We are excited to leverage Western Union’s extensive network and trusted brand to reach its global customer base, thereby bringing accessible, relevant and affordable protection to those who need it most."
Hikmet Ersek, president and CEO of Western Union, said: "This new partnership will provide a new way for us to facilitate value added products and services to the millions of immigrants and dual-belongers through westernunion.com. AXA is a worldwide leader whose financial inclusion strategy is well-aligned with ours, and we are excited about the opportunities that our collaboration presents."
