By Taiye Olayemi
AXA Mansard Insurance says startups developing breakthrough insurance solutions in Nigeria would have the opportunity to scale their innovations through the 2025 edition of the AXA Mansard Innovation Exchange accelerator.
The company disclosed this in a statement on Thursday in Lagos
According to the statement, the 12-week programme was designed to discover, refine and grow solutions from startups at the Minimum Viable Product (MVP) stage to scale-up level.
It said participants would test and validate their products within AXA Mansard’s live business ecosystem, while also gaining mentorship, access to industry experts, and hands-on learning through masterclasses, office hours and co-creation sessions.
According to the company, the year 2025 edition will focus on three innovation areas: new insurance models and products, distribution to underserved groups, and underwriting and process efficiency.
The statement said applications were open until Aug. 25, with five startups to be selected for the accelerator.
The programme will close with a Demo Day on Nov. 6 to 7, where founders will present their solutions to AXA leaders, investors and other stakeholders.
Mrs Ngozi Ola-Israel, Chief Financial Officer of AXA Mansard, said, “The innovation exchange programme demonstrates AXA Mansard’s commitment to building a thriving insurance ecosystem in Nigeria.
“By collaborating with startups, we are not only solving real market challenges but also redefining the future of insurance.
“The programme creates a platform for innovations that enhance customer value and drive industry-wide growth.”
Ola-Israel noted that the programme would build on the success of previous cohorts that had supported startups such as Curacel, GeroCare, Clafiya, Chekker, LegitCar, MyItura, and Inocul8.
She said this was able to help them refine their business models and scale across the industry.
She noted that interested innovators can apply through the AXA Mansard Innovation Exchange portal and submit their pitch decks to innovation@axamansard.com before the August 25 deadline.