AXA Singapore, Carousell integrate insurance into vehicle purchases

AXA Singapore, Carousell integrate insurance into vehicle purchases | Insurance Business

AXA Singapore, Carousell integrate insurance into vehicle purchases

AXA Singapore and online marketplace Carousell have partnered to allow users to buy second-hand car and motorcycle insurance coverage on the latter’s app.

According to a statement by the two firms, integrating the purchase of motor insurance into the platform will make it more convenient for car buyers and ensure that they are covered when driving their recently bought vehicle.

Users can receive instant quotes for a range of car insurance plans on the app, which they can purchase online. The time needed to purchase insurance and obtain policy documents is estimated at less than five minutes.

“AXA is proud to be the preferred insurance provider for second-hand cars and motorcycles on the Carousell marketplace,” said Tomasz Kurczyk, digital transformation director of AXA Insurance. “This partnership realises our ambition of delivering real-time and seamless insurance protection for car buyers when and where they need it.”

“Offering insurance directly to car buyers in partnership with AXA makes buying a car even more convenient on Carousell, and will drive momentum to our growing marketplace for second-hand cars and motorcycles,” said Sanjay Shivkumar, head of autos at Carousell. “We constantly strive to improve the overall experience across Carousell by applying the latest technology and working with industry leading partners.”