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Insurer AXA to buy Spanish peer GACM Espana for 310 million euros
Insurer AXA to buy Spanish peer GACM Espana for 310 million euros
Allianz is expanding its automatic accident detection service. Dubbed the Allianz accident reporter, the digital claims service used by Allianz at the scene of an accident, can automatically detect accidents and notify the insurer. Insureds are later informed about the next steps of claims settlement.

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Groupe Assurances du Credit Mutuel Espana (GACM Espana) is predominantly a property and casualty and health insurance provider in Spain.

“This transaction reflects our disciplined approach towards mergers and acquisitions in line with our strategy, enhancing our scale in one of our core European markets,” said AXA deputy chief executive Frédéric de Courtois.

Source: Reuters

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