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AXA Auto Insurance

Insurance, Germany, Berlin

AXA Auto Insurance: Your trusted partner in protecting your vehicle with personalized coverage and exceptional customer service.

About AXA Auto Insurance

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
Germany
Official Website
http://www.autoversicherung-axa.de
Location Address Official Phone Email
Germany Germany, Berlin **** ****
LinkedIn https://linkedin.com/company/**** Get In Touch With Decision Makers
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Instagram https://instagram.com/**** Get In Touch With Decision Makers
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FAQs – AXA Auto Insurance

What types of claims are paid by the guaranty fund?

Guaranty funds typically cover death benefits, health insurance claims, annuity payments, and certain property or auto insurance claims. However, non-policyholder claims, such as stockholder losses or fines, are generally not covered.


How do insurers assess climate change risks?

Insurers use climate models, historical data, satellite imagery, and risk assessment tools to predict potential losses, determine premiums, and decide where coverage should be offered or restricted.


Why is risk management important in the insurance industry?

It is crucial because effective risk management helps insurance companies avoid or reduce losses, maintain profitability, ensure regulatory compliance, and protect policyholders from financial harm.


Can I work while receiving short-term disability benefits?

In most cases, working while receiving short-term disability benefits is not allowed. If you attempt to work, your benefits may be reduced or terminated. Some policies may allow limited part-time work, but this depends on the insurer’s guidelines and medical recommendations.


Is UBI only for personal vehicles, or can businesses use it?

Businesses, particularly fleet operators, use UBI to monitor driver behavior, optimize routes, reduce fuel costs, and enhance safety, leading to lower insurance costs and improved efficiency.


How does NCB work in auto insurance?

NCB reduces the renewal premium for auto insurance if no claims were filed in the previous policy period, rewarding safe driving.


How does adverse selection impact the housing market?

In rental housing, landlords may struggle to identify high-risk tenants, leading to adverse selection where those with poor rental histories are more likely to apply. Screening tools like credit checks and background reports help mitigate this issue.


What is the IRDAI’s role in controlling the pricing of insurance products?

IRDAI monitors and regulates the pricing of insurance products to ensure that premiums are fair, competitive, and aligned with industry standards while protecting policyholder interests.


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