AXA Invites SME Companies to Take Control and Grow

Date: 09-Jul-2019
Location: SME Corporation Malaysia, Platinum Sentral, Kuala Lumpur

AXA Affin General Insurance Berhad announced the AXA SME Challenged 2019 where Malaysian SME companies are invited to submit business ideas via www.axasme.com to enter a competition which 10 finalists will be shortlisted to undergo a 3-month business coaching programme.

Out of the 10 finalists, 3 winners will be selected where each will receive RM 100k worth of cash & perks :
  • RM 20k - cash prize money
  • RM 3k - 1 year AXA Affin Business Advantage Plus Enhanced coverage
  • RM 59k - Malaysia SME media coverage
  • RM 13.5k - 3 months personal business coaching by iCommunity
  • RM 10k - Qu Points from Qu Exchange - SME barter trade credit points
  • RM 2k - fundaztic funds - p2p financing
  • Preferential rate SME financing by Affin Bank Group

What is the Business Advantage Plus Enhanced :

A general insurance package offering from Axa Affin targeting SME market segment;
  • includes risk management consulting - identify loss prevention, business continuity plans, disaster mitigation planning etc
  • prompt claims services - 20% cash advance payment based on initial estimate of loss, to be paid within 5 working days
  • for example, cover loss or damage to building to fire accident as well as loss of rental etc
Use Cases :

I.) For F & B industry
  • AXA Affin pays RM 100 per day in the event of hospitalization of the insured's chef up to 100 days!
  • AXA Affin pays RM 2,000 per cancellation of pre-booked event due to flood or burglary
  • AXA Affin provides coverage against legal liability due to food or drink poisoning
  • Many more !
II.) For Budget Hotel
  • AXA Affin pays RM 2,000 per cancellation of pre-booked event due to flood or burglary
  • AXA Affin pays for accidental damage to customer car while parked within the hotel premises
  • Many more !
III.) For Learning Center
  • AXA Affin pays RM 100 per day in the event of hospitalization of the insured's teacher up to 100 days!
  • Many more !
Find out more from https://www.axa.com.my/axa-sme-smart-business-insurance

Emmanuel Nivet, CEO of AXA, commented that many businesses failed to evaluate calculated risks arise from untoward incidents such as fire,flood, theft etc

The AXA Affin Business Advantage Plus Enhanced is a customisable and flexible business protection.

The launch was announced in conjunction with the AXA SME Forum 2019, attended by 350 SME company owners and graced by the presence of Minister of Entrepreneur Development, Datuk Seri Mohd Redzuan Yusof and CEO of SME Corporation Malaysia, Encik Noor Azmi Mat Said, as well as speakers from the likes of Datuk Chevy Beh, founder of BookDoc, Kristine Ng, CEO of Fundaztic and Wayne Lim, Founder of Qu-Exchange.


(L-R:) Dr Anis Mahmud, Deputy Secretary General (Policy), Ministry of Entrepreneur Development ; Emmanuel Nivet, CEO of AXA Affin General Insurance Berhad ; YB Datuk Seri Mohd Redzuan Yusof, Minister of Entrepreneur Development ; Mr Noor Azmi Mat Said, CEO of SME Corporation Malaysia & Wayne Lim, CEO of Malaysia SME Group.

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