AXA Affin And Carsome Jointly Offer Used Car Buyers Access To Faster Protection

The startup is aiming to reshape and elevate the used car buying experience by introducing a highly digitalised and transparent process.

AXA Affin General Insurance Berhad is partnering with online car buying platform Carsome to offer its insurance protection plan to used car buyers.

The AXA Guaranteed Asset Protection – Return to Insured Value (GAP-RTIV) solution will be available on Carsome platform where customers can get protected easily with GAP-RTIV insurance while purchasing a Carsome Certified car.

GAP-RTIV was launched by AXA in April 2020 as the first-of-its-kind plan in the market that protects the full value of a vehicle during any unforeseen incident. It provides customers with financial relief and protection against their car financing, as well as full protection in the event of total loss following damage, fire, or theft.

Emmanuel Nivet, Chief Executive Officer of AXA stated that this strategic partnership will not only enable AXA to create a differentiated customer experience during the used car buying process but also expand its digital distribution footprint and plug the gap within the digital automotive marketplace.

“Our synergy with Carsome marks an exciting milestone for us, as it fits seamlessly into our digital agenda to deliver greater value to customers and enhance accessibility to our product solutions.,” Emmanuel added.

Carsome is Southeast Asia’s largest integrated car e-commerce platform, with a vast presence across Malaysia, Indonesia, Thailand, and Singapore. It aims to provide end-to-end solutions to customers and used car dealers, from car inspection to ownership transfer to financing.

Eric Cheng, Carsome Co-founder & Group CEO said, “We are constantly looking for ways to deliver the best-in-class experience for our customers. The partnership with AXA and the holistic digital solution support our endeavour in creating a seamless car ownership experience and helping customers move forward with peace of mind when purchasing Carsome Certified cars.”

All Carsome Certified cars are carefully curated, thoroughly inspected, and reconditioned, promising car buyers the best in quality and value. It also comes with the Carsome Promise, which includes a 175-point inspection, 1-year warranty, 5-day money-back guarantee, and a fixed price with no hidden fees.

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