Dutch banking giant ING and France's AXA are teaming up to build a global digital insurance platform.
ING was forced to sell off its insurance business as part of a bail-out deal with the Dutch government in the wake of the 2008 financial crisis.
Now, it will tap AXA's insurance expertise to offer property & casualty, health and protection insurance to millions of ING customers in six markets: Germany, Australia1, Italy, France, Czech Republic and Austria.
The new insurance products will be offered through a central digital platform, providing customers with access to specific modules, rather than broader traditional policies.
Ralph Hamers, CEO, ING Group, says: "Our partnership with AXA adds an important dimension to our ambition to build one customer-centric platform, a go-to place for financial needs.
"Adding personalised protection products that are life-stage driven, will ensure we keep our customers ahead in life, empowering them to stay in control, in line with their widening demands."