AXA, Topa and ARC are Playing with Parametrics
Topa Insurance Company and Assured Risk Cover (ARC) are exclusive. The duo launched a new parametric brand called StormPeace, a hurricane coverage for Florida residents with a super fast claims settlement process. The latter is the forte of ARC, which was founded in 2013 by Alok Jha with the mission of offering “immediate claims payments”. Currently prospects can access the StormPeace site to request a quote. Keyword: request.
While we are on the subject of parametric insurance, AXA launched a new unit called AXA Global Parametrics because “Parametric insurance has proven to be a high growth startup business over the last two years”. Off on a tangent. Looks like Topa is working on its D2C strategy . Look below.