At the core of this partnership, Axonex focuses on robotic data collection and analytics. Under the collaboration framework, combined with Axonex's robotics data, Axonex and YAS will develop usage-based and predictive micro-insurance products/usage-based and predictive micro-insurance products will be developed.
"Embedded insurance" refers to the integration of insurance protection directly into the purchase or usage process of another product or service. Through this collaboration, insurance is no longer a standalone policy but rather a seamless benefit that accompanies Axonex's robotics services. Clients can focus on leveraging robots to enhance business efficiency, while insurance protection is automatically activated in the background, making risk management simpler and more frictionless. Businesses will obtain relevant coverage at the point of service activation of Axonex-powered robot deployments without complicated, lengthy insurance procurement processes, significantly raising deployment efficiency.
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