ING and AXA to build digital insurance platform

I"The initiative will also contribute to diversify our income"NG and AXA have unveiled an exclusive, long term, multi-country bancassurance partnership to provide insurance products and related services through a central digital insurance platform.

Ralph Hamers, CEO of ING, says: “Adding personalised protection products that are life-stage driven, will ensure we keep our customers ahead in life, empowering them to stay in control, in line with their widening demands. The initiative will also contribute to diversify our income.”
Under the partnership, ING will offer its digital banking, while AXA brings its modular insurance products and services. These include property and casualty (P&C), health and protection insurance solutions to ING customers in six of its “challenger markets”: Germany, Australia, Italy, France, Czech Republic and Austria.

ING and AXA teams will together develop personalised insurance products and relevant services, accessible via the ING mobile application.

An open mind

ING has been a busy bunny recently.

Last week, ING was keen to maximise the possibilities of open banking and revealed it is working with Yolt and Funding Options on bringing new features to customers across Europe.

While last month, ING opened a developer portal for API innovation and to work more closely with external developers.

In addition, HSBC and ING executed the “first” scalable trade finance transaction using blockchain for Cargill, an international food and agriculture conglomerate.