AXA FRANCE LAUNCHES THE FIRST CYBER RISK INSURANCE QUOTATION TOOLS WITH STARK GROUP INNOVATION LAB

Stark Group is proud to have participated in designing, developing and deploying the first online quotation platform for SME and Cyber risk insurances for the French Market.
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https://cyber-secure.axa.fr/

Protecting companies from cyber threats is the new challenge insurance companies are trying to deal with. Developing appropriate insurance product remains difficult and there are still a lot of uncertainties in this field still. 

Yet obtaining insurance for company's asset in case of cyber attacks is now possible with AXA France that launched with the support of Insurance republic, the innovation arm of Stark Group.

Insurance Republic has demonstrated its capacity to respond to a complex needs of designing a difficult product.

• With 3 questions, 1 API, a quick assessment, the AXA France solutions can provide a price and a specific cover that is adapted to the size, the revenue, the activity and the architecture of the prospect.
• The platform is designed for the traditional distribution channel of AXA France: Brokers and Agencies.

Insurance Republic worked with AXA Insurance Singapore to develop a comprehensive Personal Accident coverage to all the rugby players members of XV Gaulois.
Such coverage provides medical expenses in case of accident while playing rugby in Singapore and anywhere in the world. It also cover any training and competition.
it is the first time that a rugby club in Singapore decides to provide to all its members such coverage. It is also the first time that an Insurance company like AXA accepts to engineer such product in partnership with a innovation providers.

CONTEXT

• Standard and comprehensive insurances do not cover for contact or risky sports, competition-related sport or membership-related sport unless clearly specified in the policy through riders or extensions
• Most players and players’ parents believe that they are somewhat insured while this is not in most cases
• Players tend to mislead or misreport to their insurer when a rugby related accident occurs. This is fraudulent claim and is prohibited in Singapore*
• Many young players quit after a first injury with a significant financial impact or abandon rugby acknowledging they are not properly insured

ACCIDENT STATISTICS

• Rugby injury rates are reported to be nearly three times higher than soccer
• Most injuries are experienced by 10-18 year olds
• Adults aged 25–34 years have also been found to be at high risk

WHICH RUGBY PLAYERS SUFFER THE MOST INJURIES?

• Forwards are more frequently injured because of their greater involvement in physical collisions and tackles
• Hookers and flankers sustain the most injuries (i.e. neck and shoulders)
• Locks are at greatest risk of facial cuts and cauliflower ear (e.g. scrum and collisions)
• Backs are at a high risk of injuries related to high speed tackles (e.g. knee ligaments)
• Players in rucks and mauls commonly suffer injuries to fingers (including thumbs) as well as abrasions and lacerations from cleats

SOURCE: http://physioworks.com.au/Injuries-Conditions/Activities/rugby-union-injuries