Insurance heavyweight AXA has unveiled a new all-risks insurance package for high net worth clients in the UK.
The latest product, called tailorMade, combines home, travel, motor, legal expenses and home emergency insurance for individuals who have exclusive lifestyles and assets frequently distributed across several countries.
“TailorMade sets a new milestone for customised insurance solutions. With this offering, we are significantly broadening our product range for high net worth private clients,” said Kai Kuklinski, global chief executive of AXA ART.
The insurer said motor policy was added to the product portfolio to respond to customer needs and broker requests.
Meanwhile, tailorMade’s home policy also provides wider cover and higher limits compared to AXA’s previous household product.
There are also several new and improved features such as liability cover that are compliant with local statute for clients with homes in certain European countries.
The insurance package also provides trespass clean up cover up to £50,000 and allowance for environmental upgrades and home business cover up to £25,000.
Apart from the UK, tailorMade will also be launched in France and Germany. Early next year, the product will become available in Spain, Italy, the Netherlands and Switzerland.
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