AXA UK plc
AXA UK plc
06/29/2022 | Press release | Distributed by Public on 06/29/2022 01:16
AXA UK launches five new tiered home insurance products to give customers greater flexibility
- AXA UK launches five new Defaqto rated home insurance products across its AXA and Swiftcover brands to give customers greater choice and flexibility
- The new products will allow customers to flex their premium by choosing which items they want to cover in and outside of the home
- The new products follow AXA UK's launch of a lower premium motor insurance product earlier this year
AXA UK has launched five new home insurance products across its AXA and Swiftcover brands which aim to better suit individual customer needs and support a wider range of budgets.
The new products will allow customers to flex their premium by providing greater choice around what items they want to include in their cover both in and outside the home.
Cover limits will be staggered to create tiered products, meaning customers will now be able to choose from policies with 2 to 5 Star ratings as opposed to just 4 or 5 Stars currently.
The new products will initially launch to customers direct from AXA UK and through Compare the Market.
All products are aligned to Defaqto ratings and include: SwiftCover (2 Star rating), SwiftCover Plus (3 Star rating), AXA Home Insurance (4 Star rating), AXA Plus Home Insurance (5 Star rating) and AXA Premium Home Insurance (5 Star rating).
The new home insurance products come after AXA UK's launch of its 3 Star rated motor insurance product in February which offers lower cost premiums for motorists who require a policy with fewer add-ons. AXA UK's Defaqto 5 Star rated product, renamed AXA Plus Car Insurance, was also enhanced with £1,500 cover for personal belongings, up from £300.
We are continuously working to meet the changing needs of our customers and give them more control over the cover that works for them.
This new offering will provide customers with greater choice and flexibility so they can find an insurance product that suits their needs and budget. Improving our offering in this way also means more people can access our award-winning home insurance, giving them the peace of mind that we'll be there for them when they need us the most.
Jo Lloyd, Retail Customer and Propositions Director at AXA UKShare this article:
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About the AXA Group
The AXA Group is a worldwide leader in insurance and asset management, with 160,000 employees serving 108 million clients in 57 countries. In 2019, IFRS revenues amounted to Euro 103.5 billion and underlying earnings to Euro 6.5 billion. AXA had Euro 974 billion in assets under management as of December 31, 2019.
In the UK & Ireland, AXA operates through a number of business units including: AXA Insurance, AXA Health and AXA Ireland. AXA UK & Ireland employs around 10,000 staff.
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 - Bloomberg: CS FP - Reuters: AXAF.PA). AXA's American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.
It is a founding member of the UN Environment Programme's Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.
For more information see AXA's Corporate Responsibility strategy and SRI ratings.
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Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, expectations or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA's actual results to differ materially from those expressed or implied in such forward looking statements. Please refer to Part 4 - "Risk Factors and Risk Management" of AXA's 2018 Registration Document, for a description of certain important factors, risks and uncertainties that may affect AXA's business and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations.