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AXA unit eyes blockchain for faster, more secure job loss policy payments

18th March 2019 - Author: Charlie Wood

AXA Partners, a unit of global insurer AXA, is teaming up with the Swedish government’s Public Employment Service and the startup Stratumn on a blockchain-based solution aimed at accelerating and simplifying the payment of job loss policies.

BlockchainAXA Partners says the solution will significantly shorten the claim process duration, remove administrative burdens for customers and reduce the risk of errors.

“We are delighted to cooperate with Stratumn & Swedish Public Employment Service to experiment this new innovative solution,” said Gilbert Chahine, Chief Executive Officer of AXA Partners.

“Using advanced technology like Blockchain to offer our customers a seamless and unique experience is part of our mission and fully aligned with AXA’s payer-to-partner strategy.”

Richard Caetano, CEO at Stratumn added, “At Stratumn, we believe in the importance of trust in the enterprise. We are proud to be working hand in hand with AXA Partners and the Swedish Public Employment Service on this showcase project.”

“Built on our Proof of Process technology, we aim to help AXA Partners deliver a next level customer journey through provable traceability and privacy.”

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