NextGen Worldwide Insurance coverage (NextGen i.i.) has entered a strategic reinsurance settlement with AXA PPP healthcare (AXA Well being) to supply new Worldwide Non-public Medical Insurance coverage (IPMI) merchandise.
Primarily based in Puerto Rico, NextGen i.i gives insurance coverage options, services and products designed to safeguard people, households and companies.
It primarily provides insurance coverage services and products for the Latin America and Caribbean area, together with entry to hospital within the US.
The newest collaboration will permit NextGen i.i to introduce new IPMI merchandise to the market to enhance the vary of insurance coverage options which might be at present accessible out there.
The reinsurance settlement, which got here into impact in January 2024, will see AXA Well being serving because the reinsurer to supply reinsurance protection to NextGen i.i.
As well as, this collaboration will leverage NextGen’s devoted customer support mannequin and market experience within the medical insurance sector throughout the Latin America and Caribbean area.
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The settlement can also be projected to fortify NextGen’s place out there and broaden its service capabilities.
AXA Life & Well being Reinsurance Options CEO Laurent Pochat-Cottilloux stated: “This settlement will allow AXA Well being to mix our industry-leading capabilities and sources to supply reinsurance protection to NextGen i.i., who’s delivering progressive insurance coverage options aiming to fulfill the evolving wants of shoppers within the Latin America and the Caribbean area.”
NextGen i.i CEO Ricardo Gonzalez-Padilla added: “We’re honoured to have AXA Well being as our reinsurer. This partnership will permit us to broaden our product choices and supply our clients with even higher worth and peace of thoughts.”
A part of AXA Group, AXA Well being provides a various portfolio of insurance coverage services and products to deal with the precise wants of world people, companies and organisations.