A partnership to insure remittance senders and recipients:
AXA is partnering with RemitRadar, a fintech company specializing on the remittances market, and PartnerRe, the global reinsurer, to design and market innovative insurance solutions tailored to the needs of emerging customers sending and receiving money transfers. Building upon AXA’s emerging customer expertise and RemitRadar’s AI-backed proprietary platform, these fully digital offerings will be rolled out in coming months starting with remittance flows stemming from the European Union and the Gulf countries. Read more
About The Axa Group
The AXA Group is a worldwide leader in insurance and asset management, with 165,000 employees serving 107 million clients in 64 countries. In 2016, IFRS revenues amounted to Euro 100.2 billion and IFRS underlying earnings to Euro 5.7 billion. AXA had Euro 1,429 billion in assets under management as of December 31, 2016.
For more information, visit http://axa.com.
RemitRadar is a financial technology forged out of two decades of critical exposure to the remittance industry. The team behind RemitRadar was a key driving force behind the development of person-to-person money transfers world wide, having grown it out of the Americas to what it is today.
The team's experience in this industry is second to none, having been responsible for the world-wide rollout and development of multiple Money Transfer Services. The team has also been instrumental in helping create the architecture that supports the industry. Our people have a solid and proven record in innovation, opening new markets and introducing disruptive technologies. RemitRadar specialises in providing complementary technologies to the remittance industry.
PartnerRe Ltd. operates as a global reinsurer, providing multi-line reinsurance to insurance companies on a worldwide basis. The company, through its subsidiaries offers capital markets products that include weather and credit protection to financial, industrial and service companies. The Corporate and Other segment is comprised of the capital markets and investment related activities of the company, including principal finance transactions, insurance-linked securities and strategic investments and its corporate activities, including other operating expenses.
New York Stock Exchange Index NYSE:PRE-I NYSE:PRE-F
Parent organization: Exor
For more information, visit http://partnerre.com.