AXA Mansard Insurance Partners Western Union to Tap into Huge Immigrant Niche
AXA Mansard Insurance Company entered into a partnership with WESTERN UNION to provide life and disability insurance solutions to migrant workers –who send money through the Western Union platform.
Recently, an initial pilot test was launched in France with AXA partners called ”Transfer Protect”, which offers sign up option for Life and Disability Insurance solution to western union users.
The partnership will give peace of mind to the migrant knowing their family members or loved ones will receive a payment in case of any unfortunate life or disability event happens.
According to the Chief Executive Officer of AXA, Thomas Buberl, he said: “Our customers around the world trust Western Union with their most important and complex money transfers. They also want other value-add services to sustain their financial well-being and long-term financial goals.
“Providing value to the global populations we serve is a key focus for our global strategy. This new partnership will provide a new way for us to facilitate value added products and services to the millions of immigrants and dual-belongers.
AXA Mansard is a member of the AXA Group, the worldwide leader in insurance and asset management with 166,000 employees serving 107 million clients in 64 countries.
AXA Mansard Insurance plc is rated B+ by A.M. Best (2016) for Financial Strength. The Company is also certified ISO 9001:2008 compliant by the Standard Organisation of Nigeria (SON) for quality management systems.
The Western Union Company is an American worldwide financial services (sending and receiving money) and communications company. Its headquarters is in Denver, Colorado. Until it discontinued the service in 2006, Western Union was the leading American company in the business of transmitting telegrams.