Axis Capital Holdings Limited, a Bermuda-based insurer, through Axis Insurance Company, has secured a four-year contract to deliver specialty accident and health (A&H) insurance solutions to various public sector institutions in North America. The agreement was reached through a nationwide purchasing initiative overseen by Sourcewell, a self-funding government entity based in Minnesota.
Collaboration With Provident Agency Inc
In order to deliver these A&H insurance products, Axis will partner with Pennsylvania-based Provident Agency Inc. This collaboration will form part of Sourcewell's cooperative purchasing program, which already aids over 50,000 organizations and offers hundreds of contracts to simplify buying and cut costs for its participants.
Specialty A&H Insurance Solutions
The A&H insurance solutions offered by Axis are tailored to meet the unique needs of various consumer groups. These include public sector employees, law enforcement officers, firefighters, emergency medical services workers, educators, municipal employees, and volunteers. The insurance products provide coverage for accidental death and dismemberment, critical illness, and cancer.
Axis's Commitment and Plans
James Hamilton, the global head of accident and health at Axis, underscored the company's commitment to addressing the particular risk challenges encountered by these sectors. He stated that Axis aims to provide products and services that exert a significant positive influence on their target customer groups.