Philippine AXA Life Insurance Corp. announced it has recently entered into an agreement with the Asian Institute of Management (AIM) to jointly hold what the insurer calls “Innovation Fellowship Program” (IFP).
The insurer describes the IFP as a platform that will “enable companies, entrepreneurs, business-minded individuals and innovative students to inspire and develop solutions to real-world problems.”
It added that the IFP “is a business course designed to pave the way for the development of innovative tools and expertise that will help customers, not only of AXA but of the insurance industry in general, achieve their financial and life goals.”
“The aim of the program is to synergize the knowledge and expertise of ‘aspiring game changers’ to develop solutions to real-world problems facing the insurance industry, as well as promote health, wellness, protection and financial literacy in the Philippines,” the underwriting life insurance services provider added.
“The biggest significance for us is to encourage and develop innovation from outside AXA,” Rahul Hora, the company’s president and CEO, was quoted in the statement as saying. “Sometimes innovative and out-of-the-box ideas come from people who are not associated with insurance. This is why we are very excited to put this batch of people from AXA and from the outside world together, to help us come up with the best creative solutions for the business problems that we are facing.”
According to the insurer, the course is currently open for enrollment and classes are set to run from October 16 to November 18.