AXA Affin General Insurance and Finology, a Malaysian fintech company that specialises in enabling seamless lending and insurance for consumers and businesses, has partnered to enable users to purchase or renew car/motorcycle insurance and road tax online
Through Finology’s Loanstreet.com.my, customers can reportedly receive instant quotations for AXA’s insurance to purchase or renew policies in less than five minutes.
This partnership will see Finology as a digital distribution driver for AXA through digital platforms.
Emmanuel Nivet, Chief Executive Officer of AXA said that this partnership will further expand AXA’s distribution footprint in the digital space and enable customers to get protected easily through their preferred channels anytime and anywhere.
“At AXA, we believe that digitalization is the way forward to support and deliver greater value to customers; that is why we continuously look for strategic partners to expand our digital distribution channels and enhance accessibility to our products and services.
We are truly excited to partner with Finology to align on our customer-centric values and collectively deliver fast, simple and secure online insurance solutions via innovative digital technology,”
“We have been focusing on seamless access to financial products to allow convenience and efficiency to consumers. When we first pioneered motorcycle insurance and road tax renewals digitally in 2019, the awareness was low.
However, due to the changes brought about by Covid-19, we have seen a sustained 5x spike in transactions. Our partnership with AXA will further provide our customers with more options from one of the top insurers in Malaysia,”
shared Robin Ang, Executive Director of Finology.