AXA Signs Software Deal to Further Extend Access of e-Traded Products
Deal makes AXA’s e-traded property owners’ and tradesmen products available to brokers on the Applied TAM system
London, UK – 2 March 2015 – AXA Commercial Lines and Personal Intermediary has signed an agreement with broker software provider, Applied Systems, to distribute its online SME products on the Applied TAM system.
The deal will make AXA’s e-traded property owners’ and tradesmen products available to brokers using the system with further products to follow as well as the insurer’s new mini-fleet product, currently in the latter stages of development.
Applied Systems is currently working with AXA to make the products live to brokers on the Applied TAM system by end of the second quarter of this year.
Jason Bridgman, Head of e-Commerce at AXA Commercial Lines and Personal Intermediary, said: "AXA is committed to making it as easy as possible for brokers to trade with us and a significant aspect of that is the strength of our e-trading capabilities."
"We have a very strong online offering for brokers’ SME customers, one that we are continually enhancing and expanding upon and this agreement with Applied Systems is another important element of that."
Jeff Purdy, Senior Vice President of International Operations at Applied Systems, added: "The introduction of additional AXA products to our commercial lines application furthers our company’s commitment to increasing brokers’ insurer connectivity and product choices for UK clients to fuel business growth."
The AXA Group is a worldwide leader in insurance and asset management, with 157,000 employees serving 102 million clients in 56 countries. In 2013, IFRS revenues amounted to Euro 91.2 billion and IFRS underlying earnings to Euro 4.7 billion. AXA had Euro 1,113 billion in assets under management as of December 31, 2013. In 2014 Interbrand ranked AXA the 1st insurance brand worldwide for the 6th consecutive year.
In the UK AXA operates through a number of business units including: AXA Wealth, AXA Commercial Lines and Personal Intermediary, AXA Personal Direct and Partnerships, AXA PPP healthcare, AXA Ireland and an independent distribution business Bluefin. AXA employs over 10,500 staff in the UK.
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.
It is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.
About Applied Systems
Applied Systems is a leading provider of software that powers the business of insurance. Recognised as a pioneer in insurance automation and data exchange between brokerages, insurers and their clients, Applied is the world’s largest provider of agency and brokerage management systems. Automating the insurance lifecycle for more than 12,000 agencies and brokerages and 350 insurers worldwide, Applied enables millions of people around the world to safeguard and protect what matters most.