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New York, New York - February 11, 2020

¾ÅÉ«ÊÓƵhas retained the top spot on Advisen’s Annual Pacesetter Index, an annual recognition of product innovation in the P&C insurance industry. This is the fourth consecutive year that ¾ÅÉ«ÊÓƵhas achieved the prominent position, having introduced 16 new or enhanced property, casualty, professional and specialty insurance coverages or risk management services in 2019.

“2019 marked our first full year as ¾ÅÉ«ÊÓƵand our 4th year in a row of market-leading innovation,” said Greg Hendrick, Chief Executive Officer of AXA XL. “Even while completing integration activities and helping our brokers and clients maneuver through a more challenging, firming market, our attention to innovation never wavered and we launched 16 new and enhanced offerings.”

“At ¾ÅÉ«ÊÓƵ we’re intent on being much more than a payer of claims to our clients” added Mr. Hendrick. “We’re looking to become a partner to them throughout the entire risk management process, and innovation is a big part of making that transition. In 2019, we’ve already seen how it can be done, having launched pilot programs with clients to test new technology and working closely with brokers and clients to develop bespoke insurance products that allowed the launch of new business platforms.”

Advisen, a leading provider of data, media, and technology solutions for the commercial property and casualty insurance market, issues its Pacesetter Index annually. The index ranks insurers’ innovation advancements based on their new or enhanced product announcements.

AXA XL’s 16 new products and developments in 2019 included:

• A partnership with Expert System leveraging AI to enhance property risk engineering capabilities
• New Investor Protection ÓÈÎïÊÓƵin collaboration with InsurTech company, Assurely
• New Inland Marine Contractor’s Equipment ¾ÅÉ«ÊÓƵ
• First-party Cyber ÓÈÎïÊÓƵoption added to Platinum Property Coverage
• SiteForward- an enhanced client portal offering “big picture” risk management capabilities
• ¾ÅÉ«ÊÓƵHealthAssist- Employer’s Liability ÓÈÎïÊÓƵin partnership with IPRS Health
• An innovative digital “Hot” wallet insurance solution for Hoyos Integrity Corporation
• /press-releases/axa-xl-launches-cube-its-risk-innovation-incubator

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ABOUT ¾ÅÉ«ÊÓƵ

¾ÅÉ«ÊÓƵprovides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com

ABOUT ¾ÅÉ«ÊÓƵINSURANCE

¾ÅÉ«ÊÓƵÓÈÎïÊÓƵoffers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com