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AXA Commercial Lines wins accolades from Celent


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March 4, 2013by Brian TurnerBearing in mind how easy it is to obtain online quotes for all types of ...

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AXA Commercial Lines wins accolades from Celent

  1. 1. AXA Commercial Lines wins accolades from Celent March 4, 2013 by Brian Turner Bearing in mind how easy it is to obtain online quotes for all types of insurance, there is absolutely no reason to renew a policy without doing an online check of the prices from the competition. Last year I bought my home and contents cover after getting lots of quotes from an insurance price comparison web site. A few days ago I got a phone call from that insurance company telling me that the renewal was due and that the cost had only risen by a couple of pounds. When I said that I was going to check prices from their competitors online before renewing, the guy on the phone managed to find a quote about 20% cheaper than his original offer. Nevertheless, I visited my favourite insurance price comparison site and managed to obtain precisely the same cover for another 20% less than his cheapest quote. I've said it so many times and I'll say it again...NEVER Never never renew any insurance before checking other insurers online. All insurance companies come up with their lowest prices to first-time customers, so take advantage and switch to a new company whenever you can get a better price for equivalent or better cover. Unless you've had a very good experience with your current insurance company then don't fret over showing disloyalty to them, I guarantee that they won't show any loyalty to you if you're in the unfortunate position of having to make a claim!. The following link has information on Bike Insurance Comparison. Story link: AXA Commercial Lines wins accolades from Celent Celent, an international financial research and consulting firm, has named AXA as a Model Insurer 2013, one of 18 insurers from across the globe to receive the prestigious award. Celent bestows awards to those organisations that can best demonstrate the use year's best technology initiatives through the use of innovation, best practices and measurable business results. AXA was also shortlisted for the Innovation through Technology award by the Institute of Risk Management at its annual Global Risk Awards. The international panel of judges recognised AXA for its best practice of risk management through use of technology. The recognitions were given for the use of the Mapflow risk assessment software as part of the underwriting process. The software enables the underwriting team to use mapping to accurately assess flood, subsidence and terrorism risks for individual buildings, rather than simple postcode underwriting, the current industry standard approach. David Williams, Director of Underwriting at AXA Commercial Lines and Personal Intermediary comments: "We're delighted to have received these accolades in recognition of our innovative approach to underwriting, not just in the UK, but on a global scale. The Model Insurer award is testament to the hard work and dedication of all members of the underwriting team, not only for integrating the technology into our processes, but for demonstrating the impact on our overall performance, signifying our position as market leaders in terms of our underwriting capabilities."