Axa, the art market specialist

Magazine Issue:

Insurance supervision [3]

Magazine date:

Jul 2014

With the exponential increase in the price of works of art, even large museums give up organizing exhibitions. Despite this trend, Axa Art wishes to maintain its expertise in this segment where it is in competition with Hiscox and Lloyd's syndicates.

Vincent van Gogh, The bedroom

Axa has confirmed its insurance leadership in this niche with 127 billion EUR (174.8 billion USD) worth of commitments worldwide and a presence in all renowned events. Axa Art is keen on expanding its products to the coverage of vintage cars and prestigious wines.
It is also offering more affordable covers to individuals. For artifacts whose insured value amounts to 500 000 EUR (688 395 USD), the requested premium is 1 000 EUR (1 376 USD) on average.