Sunday, September 22, 2013

Axa pulls out of pet insurance market


Axa Direct and Partnerships is looking for an insurer to take over its pet insurance client base after deciding to stop offering the product

The decision, which follows a strategic review of the business line that finished at the end of July, will affect around 10 000 customers.
In a statement, Axa Direct said: "We have decided to no longer offer pet insurance through Axa Direct, and focus on our core product lines of home, motor and travel insurance.
"Axa will continue to provide cover for existing customers until a new insurer is secured. At the time of the switch over, existing customers will have their policies transferred to the new insurer who will continue to provide them with the same or similar levels of pet insurance cover. Customers will be contacted with more details before their policies are transferred."

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