AXIS Launches AXIS Digital Ventures

AXIS Capital announced the launch of AXIS Digital Ventures, a new unit that will lead enterprise-wide efforts to partner with entrepreneurial companies focused on data and analytics with high value (re)insurance applications, new product opportunities including emerging risks, and new distribution and (re)insurance business models. AXIS Digital Ventures is also charged with introducing innovative enabling technologies across the Company’s businesses.

“With the launch of AXIS Digital Ventures, we are accelerating our efforts to leverage digital technologies and InsurTech more broadly to drive innovation, increase efficiency, enhance profitability and identify new products and solutions that will deliver more value to our clients and partners in distribution. Since our inception, AXIS has been focused on delivering insights that enhance the underwriting and servicing of (re)insurance. With AXIS Digital Ventures, we are building on this by leveraging the powerful tools and data available today to deliver deeper insights and provide our services in the way our diverse customer base wants them, while delivering on our promise to pay as we always have.” – President and CEO of AXIS Capital, Albert Benchimol.

Zach Powell, who previously served as a Director of Corporate Development at AXIS where he sourced, evaluated and executed acquisitions and strategic investments, will lead the new venture.

And then there’s this:

Recall insurance players with innovation units here.