Leading global health insurer Axa is partnering with the European Space Agency (ESA). It will enable ESA’s cutting-edge expertise in satellite technology, data management, artificial intelligence and digitisation to be harnessed for the provision of seamless and sustainable healthcare. Nigeria and Egypt are the launch countries, as targeting these two countries alone covers 400 million people.
Too many people in emerging countries are unable to obtain affordable access to healthcare due to a lack of social security, while huge gaps in cover exist that are not being met by public services or private insurance.
The problems of infrastructure and access to health services can be greatly reduced by using satellite technology.
Axa is now a key player in the healthcare sector in Africa and there is a big gap in this region between what customers would like as a service, and what it can offer. So Axa is becoming a primary healthcare provider, with the aim of building a network of primary care clinics across the continent; actual and online.
A significant issue in Africa is that the infrastructure for digital technologies is currently lacking. Axa is exploring how to leverage ESA’s satellite technology to provide remote areas with Internet coverage, as well as back up for urban areas to ensure the sustainability of service.
Axa aims to use digital services and technologies that don’t even exist yet in Western markets, such as medication delivery to homes, tele-consultations, the concept of health coaches, and more.
Africa is first continent, but the concept can expand into Asia, Latin America, and some countries in Southern Europe.
Forming partnerships with public and private actors is at the core of Axa’s strategy. It is very keen to work closely with multilateral organisations on key topics, including health.
Axa One Health bases itself on the payer-to-partner principle, but requires the support of an ecosystem of private, public and multilateral organisations, to achieve this aim of making healthcare more accessible for millions.
Benoit Claveranne, CEO International and New Markets, commented: “Health systems in emerging markets are at a crossroads. As insurers, we have a role to play in expanding access to care and filling the gap when needed. We must adapt to these changes.”