Electric vehicle proposition from AXA Commercial

AXA Commercial responds to growing need for more sustainable solutions with electric vehicle fleet proposition
Supported by AXA Business Resilience Team who are on hand to help customers manage and mitigate risk
AXA looks to understand the risks of climate change and encourage and support customers to make a difference

AXA Commercial today announces the official launch of its electric vehicle proposition for motor fleet customers, offering a greener fleet option to businesses.

As businesses look to make more sustainable choices to their operations, AXA Commercial has responded to accommodate and support these needs with future-proofing policy edits. These include definitions and consideration for electric vehicle accessories such as charging cables and connectors as well as cover for loss or damage to charging points.

The proposition is supported by the AXA Business Resilience Team who are on hand to deliver the smartest solutions to manage and reduce risk. The team, made up of in-house experts, have a wealth of knowledge and can advise on how claims occur and how to mitigate them, helping businesses appropriately prepare their fleets for success.

AXA’s Future Risk Report revealed that climate change is the top concern for both risk experts and the public in the UK, making the move to an electric vehicle fleet a clear choice for businesses looking to advance their sustainability credentials. In line with AXA’s commitment to carbon reduction as part of the United Nations-backed Race to Zero campaign, AXA looks to understand the risks of climate change and encourage and support customers to make a difference.

We have witnessed the growing trend for electric vehicles, with an increase of 76% sold between 2020 and 2021 . To respond to this, we are pleased to offer this future-proofed motor fleet proposition, supporting our customers to make the right decisions for their business and for the planet.

We are committed to working with our customers to develop and enhance our propositions and continuously provide the best and most appropriate cover for businesses.

Dougie Barnett, Director of Customer Risk Management at AXA Commercial

Changes will come into effect from the 1^st March.

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About AXA UK

AXA Insurance UK plc registered in England and Wales under registered number 078950 and authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority under Financial Conduct Authority registration number 202312. Registered office is 20 Gracechurch Street, London, EC3V 0BG.

AXA UK is part of the AXA Group, a worldwide leader in insurance and asset management, with 147,000 employees serving 94 million clients in 50 countries. In 2023, IFRS revenues amounted to Euro 102.7 billion and underlying earnings to Euro 7.6 billion. AXA had Euro 844 billion in assets under management as of December 31, 2023.

In the UK & Ireland, AXA operates through a number of business units including: AXA Insurance, AXA Health and AXA Ireland. AXA UK & Ireland employs around 10,000 staff.

Important legal information and cautionary statements concerning forward-looking statements

Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, expectations or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in such forward looking statements. Please refer to Part 5: “Risk Factors and Risk Management” of AXA’s Universal Registration Document 2022, for a description of certain important factors, risks and uncertainties that may affect AXA’s business and / or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations.

AXA Commercial launches electric vehicle proposition for motor fleet customers