AXA COLPATRIA, one of the leading insurance providers in Colombia, has become the latest local insurance firm to join MAXIS Global Benefits Network (MAXIS GBN), providing medical coverage for MAXIS GBN’s multinational clients in the country. AXA COLPATRIA is a specialist provider of prepaid and health insurance coverage in the country, ranking sixth largest in the PHI sector (prehospital and insurance) in terms of revenue with a 6% market share and 220,000 customers.
With the addition of AXA COLPATRIA’s medical insurance coverage, MAXIS GBN can now offer multinational clients an even wider service in Colombia, adding to the life insurance services provided by its other network partner, MetLife Colombia. MAXIS GBN now has in excess of 30 insurers in the wider Americas market.
MAXIS GBN, co-founded by MetLife and AXA, is one of the world’s largest employee benefits networks. It combines world-class underwriting capabilities with deep technological innovation to deliver global employee benefits solutions that help leading multinationals and cross border businesses care for their staff and meet their strategic business goals.
MAXIS GBN works in partnership with around 500 multinational clients, including 50 employee benefits captives, to deliver market-leading risk management services and solutions. With approximately 140 local insurance carriers with specialist capabilities in over 120 markets, MAXIS GBN’s local insurers currently cover over 3.2 million employees worldwide.
Bernardo Rafael Serrano López, General Director and CEO, AXA COLPATRIA, said: “The medical insurance market in Colombia remains highly competitive, with strong opportunities for growth. As such, it is great to be working with MAXIS GBN and helping to provide medical coverage to the employees of their multinational clients in the Colombian market. MAXIS GBN’s value proposition in the South American market is attractive and we are delighted to have formalised this partnership.”
Jérôme Picon, Head of Finance & Operations, MAXIS GBN, said: “With the world focused on best-practice healthcare during the COVID-19 pandemic, we are delighted to be working with a strong medical partner in Colombia and to be expanding our network in Latin America. Colombia is a fast-growing market and it’s great to be able to complement our existing life insurance coverage with a great medical provider. Looking ahead, we are focused on continuing to grow our network globally, with partners that can help deliver the best local insurance coverage to our multinational clients.”
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