Axa Insurance has teamed up with InsurTech start-up Brolly to provide a new car insurance product.The insurer stated that it was the first panel member for the policy, which is set to launch in March and will be available to drivers via the Brolly app. It detailed that the offering includes a 24-hour claims helpline, windscreen repair and replacement keys or locks in the event of lost car keys.
According to Axa, the partnership is part of the provider’s strategy to “work with innovative companies to make life easier for its customers”. Start-up broker Brolly is powered by artificial intelligence (AI) and is aimed at helping customers to understand insurance with personalised advice, manage their existing policies and buy the right cover at the right time. In July last year Brolly closed a £1m fundraising round led by Valar Ventures, Pi Labs and Entrepreneur First. Brolly chief executive officer and co-founder Phoebe Hugh has previously warned brokers of being cut out of the market as technologies such as AI and data analytics continue to develop.
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