Five Startups have been admitted into the third cohort of the AXA Mansard accelerated programme called Innovation Exchange programme.
The startup companies are Bunce – a customer engagement and management plat- form, Debbo Africa a health- tech Company, Drug Store – a pharmacy technology innovator; Legacy, an insuretech company and Xchange Box, a fintech company.
The Innovation Exchange is a 15-week programme designed by AXA to enable technology innovators looking to solve challenges within the insurance space.
The programme provides a platform for these startups to access industry experts, mentors, and experience-based learning through a series of masterclasses, office hours and co-creation sessions.
Successful startups from the programme can also have AXA as one of their early paying customers.
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Speaking on the development, Ngozi Ola-Israel, the Chief Financial Officer, AXA Mansard Insurance Plc, said the application process which began in July 2024 attracted over 50 entries from different innovators.
“These entries were exposed to different levels of rigorous reviews from experts across our company before we arrived at the final five”, she noted.
“As a leader in unlocking technology to accelerate the growth of insurance in Nigeria, the interests and entries in this programme are further conviction that our industry is advancing in the right direction.
The sheer number of innovations that we have seen convinces us of the possibilities and opportunities that the insurance industry can bring to our national development.
What this tells us is that there are innovators who have seen the challenges that we face as an industry; and they are creating different types and levels of opportunities by solving the problems.
