Reinsurance News

AXA Climate

AXA makes new commitments to preserve biodiversity

18th October 2021

AXA has made new commitments to preserve biodiversity by implementing a plan to fight against the deterioration of forest ecosystems. Deforestation is one of the main causes of biodiversity loss and carbon emissions, presenting a double loss for the climate due to them being the largest contributing carbon capturer. To protect these ... Read the full article

AXA Climate, SatSure to offer parametric solutions for private & public sector

8th September 2020

AXA Climate and SatSure AG have signed a Memorandum of Understanding (MoU) to jointly offer parametric insurance solutions for private and public sector institutions on a global scale. AXA sees climate risk understanding and mitigation as key in reducing the financial consequences that climate-related events may have on communities and businesses. As ... Read the full article

AXA Climate partners with VanderSat on parametric drought cover

15th April 2020

AXA Climate and dutch firm VanderSat have entered a strategic partnership to offer a satellite data-driven parametric cover against drought-related losses. The parametric insurance product features policies that will pay out based on high-precision microwave technology measuring soil moisture in individual field zones. Soil Moisture is a direct indicator of water available ... Read the full article

AXA throws weight behind 0% coal energy world

27th November 2019

Global insurer AXA has laid down a series of targets designed to accelerate its contribution to the transition towards a low-carbon economy. The enhanced strategy, due to be announced tomorrow at an event organised in collaboration with the United Nations Principles for Sustainable Insurance (UN PSI), includes doubling its green investment ... Read the full article

AXA Climate to offer parametric insurance for hail storms

5th June 2019

AXA Climate, the specialist parametric risk transfer division of AXA, has announced the launch of a new parametric coverage that aims to protect businesses from hail losses. The product, called Hail Protection, is reportedly the first of its kind and has already been rolled out as a pilot product in Colorado, ... Read the full article

AXA unveils rebranding of parametric insurance unit to AXA Climate

16th May 2019

Global re/insurer AXA has rebranded its specialist parametric risk transfer division from AXA Global Parametrics to AXA Climate, and has also announced a number of new additions to its team. Initially launched in 2017, the rebranded AXA Climate unit looks to provide clients with parametric risk transfer solutions for climate and ... Read the full article