AXA Mansard Launches Applications for 2025 Innovation Exchange Accelerator
AXA Mansard, one of Nigeria’s leading insurance and financial services providers, has announced the opening of applications for the 2025 edition of its Innovation Exchange Program. This 12-week accelerator aims to discover, develop, and scale innovative insurance solutions from startups across Nigeria.
Targeted at startups ranging from MVP stage to scale-up, the program offers participants the opportunity to test and validate their products within AXA’s live business environment. Beneficiaries will receive mentorship, access to industry experts, and practical learning through masterclasses, office hours, and co-creation sessions. Exceptional solutions may even attract early-stage engagement from AXA as a paying client.
This year’s edition will focus on three key areas of innovation:
1. New Insurance Models and Products – Including parametric or index-based covers, usage-based offerings, and IoT-driven solutions.
2. Distribution– Expanding insurance access to underserved segments such as SMEs, the creative industry, and gig workers, while improving intermediary recruitment and retention.
3. Underwriting and Process Efficiency – Incorporating AI-powered predictive underwriting, prescriptive risk assessments, and operational efficiency tools.
Applications are open until August 25, 2025. Out of all submissions, five startups will be selected to join the accelerator program, culminating in a Demo Day scheduled for November 6–7, 2025. During this event, founders will present their solutions to AXA leaders, investors, and industry stakeholders.
Ngozi Ola-Israel, Chief Financial Officer of AXA Mansard, commented on the initiative:
“The Innovation Exchange Program demonstrates AXA Mansard’s commitment to building a vibrant insurance ecosystem in Nigeria. By collaborating with startups, we aim to solve real market challenges and shape the future of insurance. The program provides a platform for innovations that enhance customer value and drive industry-wide growth.”
The program builds on the success of previous cohorts that supported startups such as Curacel, GeroCare, Clafiya, Chekker, LegitCar, MyItura, and Inocul8—helping them refine their business models and scale within the industry.
Interested innovators can apply through the AXA Mansard Innovation Exchange portal and submit their pitch decks to innovation@axamansard.com before the August 25 deadline.