AXA XL launches 'Cube' a risk innovation incubator for risk managers
AXA XL Insurance has launched Cube, a risk innovation incubator. Cube, the first of its kind, is a six-week programme designed to enable risk managers to work alongside AXA XL risk and innovation experts to develop innovative risk management solutions for their most complex risks.
The programme comprises a series of workshops in which AXA XL and its clients experiment and test new solutions, ultimately resulting in a prototype and a supporting business case. Over the course of the programme, clients have access to a team of innovation, digital and analytics experts, risk specialists and, when relevant, to some of AXA XL’s technology partners.
Philippe Gouraud, Global Head of Strategic Distribution at AXA XL, explains: “Cube supports our goal to go beyond traditional insurance to become a comprehensive partner to our clients. The programme’s structured and well-tested approach allows us to offer our clients a robust environment to innovate. We strongly believe that our co-creation approach fosters powerful innovation and helps our clients improve their risk profile.”
Hélène Stanway, Digital Leader at AXA XL, adds: “Evolving technologies and new ways of harnessing data are transforming the way companies work, and the way we are able to gain risk insights to support them. Over recent years, we have successfully completed and scaled a number of innovative proofs of concept. It is now time to leverage what we have learned, through a structured and repeatable approach, to work even more closely with our clients and help them solve some of their most challenging risk management issues.”
Cube is available to AXA XL clients globally.
Authored by AXA XL
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About AXA XL
AXA XL is the P&C and specialty risk division of AXA which provides property, casualty, professional and speciality products to industrial, commercial and professional firms, insurance companies and other enterprises, here in the UK and throughout the world. With underwriting teams based in the US, UK, EMEA and Asia Pacific regions, we can make decisions close to the markets you serve and work with you to tailor cover to your business needs.
We help businesses adapt and thrive amidst change. Rather than just paying covered claims when things go wrong, we go beyond protection into prevention so your business can go beyond the unexpected.