The innovative coverage offers automatic payouts or anti-heatwave kits when temperatures exceed 36°C for three consecutive days. The process requires no damage proof or claims submission, ensuring swift and straightforward relief for affected workers.
As Hong Kong’s temperatures rise annually, AXA’s new parametric insurance offers businesses a proactive solution to safeguard employees, reinforcing the company’s dedication to sustainability and employee well-being.
Emily Li, AXA’s Chief Employee Benefits & Wellness Officer, explained the importance of the new product, stating, “Global warming is driving extreme climate conditions, with Hong Kong’s hot weather continuing to intensify and posing health risks to the public.”
She added “Our new product is the first parametric insurance in the city designed to mitigate the impacts of climate change on employees. It reflects our commitment to sustainability and protecting the workforce.”
Join AXA Leaders at Insurtech Insights Europe 2025 in London
Join Oriane Valdelievre, Head of Claims Performance, APAC & Europe at AXA XL at Insurtech Insights Europe 2025 on March 19 to 20th at Intercontinental London – The 02. Oriane is confirmed to speak on the panel ‘Data-Driven Decisions: Revolutionising Claims Assessment with Advanced Analytics and Insights’. The conference will welcome 6,000+ insurance leaders, entrepreneurs, investors, and policymakers from 50+ countries, with 71% of attendees expected to be C-level executives. For more information, visit here
