AXA expands into device insurance market through new partnership

AXA Partners UK&I has formed a new partnership with Summit Insurance Services, under its brand Compucover, as part of its strategy to expand its presence in the device and gadget insurance market.

The long-term deal will see the two companies join forces to offer specialist device insurance against theft and accidental damage. Insurance cover will be available for individuals, schools and universities and businesses, as well as new and existing Compucover customers.

Compucover is a UK-based specialist IT insurers, protecting technology investments for more than 25,000 businesses, 5,000 schools and 100 universities.

Gary Vincent, sales director at AXA Partners, said: “In recent years our reliance on technology has increased, meaning it is now an important part of our everyday lives. Either as an individual user or as a business, we understand that consumers would find it difficult to be without it. Protection has always been at our core, therefore, we are delighted to be partnering with Summit Insurance Services under their Compucover brand.

“This new partnership will ensure that we are able to protect items that matter to thousands of businesses and individuals, as part of our continued expansion in this market.”

David Milner, managing director at Summit Insurance Services, said: “We are very pleased to be working with AXA Partners and are confident that together we can further expand its presence in the mobile and gadget insurance market.

“We truly believe that our aligned core business values of providing excellent customer service, will enable us to increase our distribution base as the technology sector grows. Together our aim is for more schools, universities, corporates and individuals to benefit from the protection of Compucover.”