AXIS subsidiary wins A&H solutions contract
AXIS Insurance Company has secured a four-year contract to provide specialty accident and health insurance solutions to governmental, educational, and non-profit organisations across North America.
AXIS Insurance, a subsidiary of Bermuda-based AXIS Capital, said it will offer the coverages in partnership with Provident Agency through a major US-wide purchasing programme, operated by Sourcewell.
Sourcewell is a self-sustaining government organisation offering a cooperative purchasing program with hundreds of competitively solicited contracts. By utilising Sourcewell contracts, participating organizations can save time and money by capturing the buying power of more than 50,000 organisations.
The specialty A&H products that AXIS now provides via the programme include accidental death and dismemberment, critical illness, and cancer insurance, tailored to meet the needs of different customer groups. These include employees within public entities, law enforcement, firefighters, emergency medical services, schools, municipal roles, and the volunteer sector.
“We take great pride in being awarded this contract and look forward to working with Provident and Sourcewell to provide specialty insurance solutions for participating organizations,” said James Hamilton, global head of accident and health at AXIS. “Through our experience over many years in developing specialty products for distinct customer groups, we have a deep appreciation of the often-complex nature of the risks and challenges within these sectors. Our goal is to provide products and access to services that make a meaningful difference to these groups.”
AXIS said it won the contract following a rigorous proposal process.
In addition to AXIS A&H products, Sourcewell participants now have access to Provident’s guidance for the insurance solutions, benefits, and coverage suited to their needs.
“Provident has been a leader in providing customized accident and health insurance programs for public entity employees. We have developed a strong relationship over several years with the AXIS A&H team, and we appreciate the keen focus on the needs of the customer that the team brings. We’re excited to put our experience and relationship with AXIS to work for the people and organisations that support our local communities,” said Daren K. D’Ippolito, Provident CEO.
