Credit Suisse & AXA team up to launch digital bancassurance services

By Megha Bhattacharya

Credit Suisse announced that it will be launching integrated bancassurance solutions for its clients, in partnership with AXA. The company stated that the solutions will be implemented in its CSX digital banking offering, that will be launched next week. The companies are entering into a collaboration in order to offer clients specific bancassurance solutions directly via the CSX app as well as through all other client channels. The insurance solutions will be available for selected client groups during the first quarter of 2021.

Anke Bridge Haux, Head of Digital Banking at Credit Suisse (Switzerland) Ltd., stated, “Our collaboration with AXA is another milestone and brings us one step closer to our goal of providing our clients with a comprehensive digital offering from a single app. The integration of transparent insurance solutions into CSX is a perfect addition to this offering and addresses our clients’ needs.”

CSX digital banking offering enables clients to carry out all their banking businesses through one app. The new product range merges the expertise and experience of Credit Suisse with the user-friendliness of a digital-only bank.

Recently, Credit Suisse stated that by the end of October 2020, it would launch “CSX” and “CSX Young”, the digital banking services for new clients that enable them to conduct all of their banking business by smartphone.

Thomas Gerber, Head of Life, Savings, and Health, and a member of the Executive Board of AXA, stated, “We are pleased to be able to add customized insurance modules to Credit Suisse’s new digital banking offering. CSX is very straightforward but provides a wide range of services, which makes the app a promising new distribution channel for our digital insurance products.”