AXA partners with Western Union

AXA has partnered with The Western Union Company to provide inclusive insurance products to Western Union’s customers using its online service to send money.

Last week, an initial pilot called “Transfer Protect” was launched in France with AXA Partners, giving customers sending money via the option to seamlessly sign up for a life and disability insurance solution. The scope of this initial pilot covers money transfers from France to the following ten African countries: Senegal, Morocco, Ivory Coast, Madagascar, Cameroon, Mali, Benin, Togo, Republic of Congo, and Guinea. The idea is to help provide peace of mind to the migrant population knowing that their designated family members or loved ones will receive a payment in case of an unfortunate life or disability event.

“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 through AXA is a worldwide leader whose financial inclusion strategy is well-aligned with ours, and we are excited about the opportunities that our collaboration presents” – Hikmet Ersek, president and CEO of Western Union.

“AXA is committed towards providing inclusive insurance, a business with high social impact. We are excited to leverage Western Union’s extensive network and trusted brand to reach its global customer base, thereby bringing accessible, relevant and affordable protection to those who need it most.” – Thomas Buberl, CEO of AXA.