The huge and continuing growth of commercial traffic seen worldwide in the last decade has made transportation a major economic issue on a global level. Thus, companies are more than ever concerned about the safety of their supply chain.
Insurance products must meet increasingly stringent requirements, and not only cover losses but also effectively help to prevent them or reduce their impact.
Key facts and figures :
- 2014 global marine portfolio gross written premiums. € 487 million
- 23% of AXA Corporate Solutions’ 2014 turnover
- Cargo. € 397 M
- Hull. € 89 M
- Marine team members in France, Dubai, Switzerland, Germany, UK, Italy, USA, Brazil, Shanghai, Hong-Kong and Singapore
- Cargo coverage for a quarter of the world’s top 100 companies- Maximum capacity of €/$ 60.000.000 and €/$ 80.000.000 for Project Cargo
- 10 Trade Sectors representing 80% of the marine cargo portfolio
Offering a wide range of products and services for hull and cargo insurance, AXA Corporate Solutions covers losses but also helps in preventing them or reducing their impact.
Targeted clients are all companies involved in import / export or requiring international insurance programmes, large logistics companies providing international services, companies involved in complex transportation operations, shipowners, ship managers, shipyards and yacht owners.
AXA Corporate Solutions has set up specific Trade Sectors enabling it to offer in-depth sector know-how and tailormade solutions to accommodate clients’ needs.
AXA Corporate Solutions supports its marine customers’ development through an efficient organization comprising underwriters recognized at worldwide level for their professional expertise and availability to clients and brokers.
Furthermore, technical assessment and risk management programmes can be provided thanks to a team of marine transport risk consultants available anywhere, anytime. Also, multicultural and multilingual claims management teams on 24/7 duty offer a high level of expertise based on excellent legal backgrounds.
AXA Corporate Solutions’ specialized marine teams offer a wide range of covers for transportation risks whatever their nature :
- Cargo, including storage and freight forwarders’ liability
- Hull, loss of hire and increased value (IV)
- War risks
Key elements of AXA Corporate Solutions’ approach to marine clients and brokers clearly embraces long-term partnerships based on trust and transparency, customer service fine-tuned to individual needs and evolutions as well as a highly-technical, up-to-date approach.
To even better understand the needs of its marine cargo clients, AXA Corporate Solutions has put in place a Trade Sectors approach, including automotive, logistics, high tech, luxury, oil, project cargoes, removers, pharmaceuticals and chemicals, pre-launch and trading commodities.
AXA Corporate Solutions’ clients are spread all around the world and are therefore serviced either by AXA subsidiaries or by the company’s own branches and dedicated teams, or by its international network partners settled in more than 90 countries.