AXA Group acquires a 51% stake in Prima Assicurazioni, an Italian InsurTech platform. The deal expands AXA’s digital insurance capabilities, leveraging Prima’s technology to serve its 95 million customers across 50 countries. AXA, a global insurer with 154,000 employees, strengthens its position in the evolving InsurTech market through this strategic investment.
AXA acquires Prima, Italy’s top direct insurance provider, which generated **€1.2 billion in premiums in 2024**. The deal expands AXA’s footprint in the Italian market, reinforcing its position in digital-first insurance distribution.
AXA leads the bid to acquire Prima Assicurazioni, with Deutsche Bank as advisor, in a deal potentially worth over **EUR 1.5 billion**. Allianz, backed by Mediobanca, remains a competitor but is less prominent in the process. The French multinational is positioned as the frontrunner in the ongoing share reorganization, which has drawn interest from major European insurers.