AXA Partners UK and Ireland has continued its push into the consumer electronics market after announcing a partnership with Insurance2go.
The firm has been appointed to underwrite Insurance2go’s gadget insurance policies, with this going live from May 1.
It is estimated that the smartphone insurance market is worth £23bn globally and growing 12pc year-on-year according to market research firm Grand View Research.
This deal follows AXA Partners, along with Citymain recently being appointed as the underwriter for A1 Comms.
The partnership will expand the brands existing suite of products and services, ahead of developing new propositions as Insurance2go aims to adopt a digital transformation programme.
Commenting on the partnership AXA Partners UK and Ireland sales director Gary Vincent said: “A key factor that helped to cement our collaboration is a shared goal to provide a range of quality products, and to ensure full peace of mind by enhancing the customer experience.
“We believe that this will further reinforce our position in the growing consumer electronics market, and we very much look forward to working closely with Insurance2go to achieve their ambitions in the years ahead.”
Insurance2go is owned by Loyal Insurance Services Ltd and part of the SPB UK and Ireland Group.
Loyal Insurance Services Ltd MD Lorraine Higham added: “Our continued focus on innovation and growth will provide customer choice, flexible payment options and variable excesses together with a seamless end to end claims and fulfilment journey.
“As a trusted insurance partner, we are delighted to announce AXA Partners as our chosen provider to support our strategic goals for 2021 and beyond.”
