AXA teams up with space agency for affordable healthcare
AXA has teamed up with the European Space Agency (ESA) to help people in emerging countries access gain access to healthcare.
AXA said: “Too many people in emerging countries are unable to obtain affordable access to healthcare due to a lack of social security, while huge gaps in coverage exist that are not being met by public services or private insurance.”
The venture looks to exploit ESA’s cutting-edge expertise in satellite technology, data management, artificial intelligence and digitization to be harnessed for the provision of seamless and sustainable healthcare.
Hassan El Shabrawishi, chief executive at AXA One Health, said: “AXA is now a key player in the healthcare sector in Africa and we’ve found that there is a big gap between what our clients would like us to provide as a service, and what we are able to offer today. To address this gap, AXA is becoming a primary healthcare provider, with the aim of building a network of primary care clinics across the continent.”
Nick Appleyard, Head of Downstream Business Applications at ESA, said: “We quickly realized that there is a lot of symmetry between our two organizations, so we developed a memorandum to formally acknowledge this common interest and we agreed to take steps to develop this synergy.
“Healthcare in Africa is a good example of one of these overlaps between ESA and AXA. The problems of infrastructure and access to health services can be greatly reduced by using satellite technology – and our satellites are always available, everywhere, as long as you can see the sky!”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
US imposing sanctions on Turkey a headache for insurers Modest core underwriting margin expansion expected in P&C, data shows
Health insurance premiums rising worldwide, finds broker study
Schneider and HDI team up to transform industrial insurance
Estera launches legal services in Bermuda and Cayman
RKH Specialty poaches two new hires from Marsh
ArgoGlobal appoints Noel Praveen as senior underwriter, Dubai Argo rejects Voce’s latest attack to highlight governance and compensation review
Feature: 10 ways insurers are using insurtech to drive new business
