Thursday, January 9, 2020

AXA and AIM forge alliance for open innovation program

(L-R) AXA Philippines president and CEO Rahul Hora and AIM president and dean Dr. Jikyeong Kang

AXA Philippines, one of the country’s leading insurers, recently forged an agreement with the Asian Institute of Management (AIM) to jointly hold the Innovation Fellowship Program, a groundbreaking platform that will enable companies, entrepreneurs, business-minded individuals, and innovative students to inspire and develop solutions to real-world problems.

The Innovation Fellowship Program is a business course designed to pave the way for the development of innovative tools and expertise that will help customers, not only of AXA but of the insurance industry in general, achieve their financial and life goals.

The aim of the program is to synergize the knowledge and expertise of “aspiring game changers” to develop solutions to real-world problems facing the insurance industry, as well as promote health, wellness, protection, and financial literacy in the Philippines.

“The biggest significance for us is to encourage and develop innovation from outside AXA,” said AXA Philippines president Rahul Hora. “Sometimes innovative and out-of-the-box ideas come from people who are not associated with insurance. This is why we are very excited to put this batch of people from AXA and from the outside world together, to help us come up with the best creative solutions for the business problems that we are facing.”

The groundbreaking program is part of AXA Philippines’ thrust to empower customers to live better lives through financial literacy so that they will be armed with the necessary knowledge for achieving their financial goals in life.

AXA Philippines chief transformation and technology officer Jay Sabido adds: “Innovation can come from anyone. This is what open innovation is really all about: partnership that will bring about better products and channels for the benefit of Filipino consumers."

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