AXA Partners UK & Ireland will be underwriting mass-market leisure travel insurance policies across DOA Underwriting’s portfolio, thanks to a new multimillion-pound strategic partnership deal.
According to AXA Partners, the collaboration with the family-owned DOA Underwriting will allow more customers to be able to access travel insurance through a quality brand like AXA Partner. The insurance product distribution will be handled by approximately 1,500 brokers and insurance intermediaries in niche market sectors.
It was noted that the strategic partnership will allow more of DOA’s customers to access travel insurance through a “quality” brand like AXA Partners.
Paul Moloney, client director at AXA Partners said in a statement that the deal would make both companies “stronger together.” He also explained that AXA Partners will be underwriting policies covering medical screening, sports activities and cruises, on top of 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,” said Moloney.
“We have recently gone through a rapid expansion phase in the travel space, which has been as a result of our proven capability in this market,” the client director added. “Working with DOA, who not only bring new distribution to AXA Partners but also digital expertise, will only strengthen that position further.”
“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,” commented DOA Underwriting director Matthew Oliver.
Late last month, AXA Partners entered a similar deal with ROCK Insurance Group. Through the partnership, AXA Partners would underwrite several of ROCK’s travel insurance policies, including et2, Onthebeach, Travel Republic, Insurefor, Leisure Guard, Big Blue and more.
