AXIS Capital Holdings has launched AXIS Digital Ventures, a new unit to lead partnerships with entrepreneurial companies focused on data and analytics with high value insurance applications, new product opportunities and new distribution models.
The Digital Ventures business is also charged with introducing innovative technologies across the company’s businesses, following an announcement earlier this year about strengthening its operating model to become more agile and better positioned to leverage change.
“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,” said Albert Benchimol, president and chief executive of AXIS Capital.
Zach Powell - previously director of corporate development - is now head of AXIS Digital Ventures, reporting to group chief underwriting officer Eric Gesick.
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