The multimillion pound partnership deal with the family-owned underwriter will enable more customers to take cover with AXA Partners when seeking their travel insurance. According to reports, the product’s distribution will be facilitated via an estimated 1,500 insurance intermediaries and brokers within certain market sectors.
Strategic growth for AXA
The move follows on from AXA Partner’s recent similar deal reached with ROCK Insurance Group. The partnership with ROCK enables AXA to underwrite several of ROCK’s travel insurance policies, including et2, Onthebeach, Travel Republic, Insurefor, Leisure Guard, Big Blue, and more.
Earlier this year, AXA Partners, which is an AXA business unit offering a wide range of solutions in assistance services, travel, and specialised insurance and credit protection, also teamed up with Trip.com to further expand its travel insurance product in Europe.
Speaking about the DOA Underwriting collaboration, Paul Moloney, client director at AXA Partners said the move would make both companies “stronger together.” He said AXA Partners will underwrite claims covering cruises, medical screening, and sports activities as well as managing claims handling for all brands.
“Our new partnership with DOA Underwriting Ltd, and its own brand SunWorld, plays a key part in our travel strategy – with the ultimate goal of providing a high standard of insurance cover for as many travellers as possible.”
Moloney continued, “We have recently gone through a rapid expansion phase in the travel space, which has been a result of our proven capability in this market. Working with DOA, who not only bring new distribution to AXA Partners but also digital expertise, will only strengthen that position further.”
DOA Underwriting director Matthew Oliver added, “As a family-owned business, loyalty and customer experience are very important to us, as is being at the forefront of digital technology – both of which are shared values that first attracted us to AXA Partners.”