Musical Instrument Insurance by

Musical Instrument Insurance Market Outlook

The global musical instrument insurance market is projected to reach approximately USD 2.5 billion by 2035, growing at a CAGR of about 5.8% during the forecast period from 2025 to 2035. The primary growth factor driving this market is the increasing value of musical instruments, leading to a heightened awareness among musicians and instrument owners about the importance of protecting their valuable assets. As the music industry continues to evolve with technological advancements and the rising popularity of various musical genres, the demand for comprehensive insurance policies tailored specifically for diverse instruments has surged. Furthermore, the growing number of professional musicians, hobbyists, and educational institutions investing in high-quality instruments has catalyzed the need for specialized insurance coverage. The expansion of online platforms and distribution channels has also played a significant role in making these insurance products more accessible to a wider audience.

Growth Factor of the Market

One of the most significant growth factors driving the musical instrument insurance market is the increasing number of musicians and music enthusiasts around the globe. As more people engage in music, whether as a profession or as a pastime, the demand for protection against potential losses associated with musical instruments has naturally escalated. Moreover, the rise in the value of high-end, vintage, and collectible instruments has further necessitated specialized insurance solutions that can address unique risks associated with these valuable assets. Additionally, the growing awareness of the benefits of insurance protection among musicians, music schools, and rental businesses is prompting more individuals and organizations to seek out suitable insurance policies. The impact of live performances, events, and the equipment used in these settings has also drawn attention to the need for liability coverage. Lastly, the infiltration of digital and online platforms allows consumers to easily compare policies and secure insurance from the comfort of their homes, enhancing market accessibility.

Key Highlights of the Market

• The growing number of musicians and music enthusiasts significantly increases demand for instrument insurance.
• High-value instruments and collectibles are more frequently sought after, necessitating specialized insurance solutions.
• Increased awareness and education about the benefits of musical instrument insurance among potential buyers.
• The rise of online platforms simplifies access and comparison of different insurance policies.
• Live performance events have led to a greater emphasis on liability coverage for musicians and event organizers.

By Policy Type

Property Insurance:

Property insurance for musical instruments focuses on safeguarding against risks such as theft, loss, or damage due to unforeseen events. This type of policy is crucial for both amateur and professional musicians, as it ensures that their instruments are financially protected, enabling them to replace or repair their equipment when necessary. With property insurance, musicians can enjoy peace of mind, knowing that their valuable instruments are covered, regardless of whether they’re at home or on tour. The growing trend of musicians investing in high-value instruments, particularly vintage or custom-made pieces, is fueling the demand for robust property insurance policies, as owners are keen to mitigate potential financial losses associated with these assets.

Liability Insurance:

Liability insurance is essential for musicians and those who utilize musical instruments for public performances or events. This policy type protects against claims that arise from injuries or damages caused during performances, providing coverage for legal fees and settlements. As musicians participate in live events and engage with the public, the risk of accidents or injuries increases, making liability insurance an indispensable safeguard. The rising trend of live performances, concerts, and festivals has further heightened the demand for liability insurance among musicians, event organizers, and venue owners, as they seek to protect themselves and their assets from potential legal repercussions.

Theft Insurance:

Theft insurance specifically addresses the risk of losing musical instruments due to theft, whether at home, during a performance, or while traveling. Given the high value of many musical instruments, theft can result in significant financial loss, prompting musicians to invest in this type of insurance policy. Theft insurance provides a safety net by ensuring that musicians can recover the value of their stolen instruments, allowing them to continue their artistic endeavors without extensive financial hardship. With an increasing number of reported thefts targeting musicians, particularly in urban areas or during travel, the demand for theft insurance has seen notable growth in recent years.

Damage Insurance:

Damage insurance for musical instruments covers the costs associated with repairs or replacements resulting from accidental damage. This type of policy is particularly important for musicians who frequently travel with their instruments or perform in various settings, where the risk of damage is higher. From minor scratches to significant structural damage, having damage insurance allows musicians to quickly address any issues without incurring substantial out-of-pocket expenses. As the music industry becomes more performance-oriented, the necessity for damage insurance is increasingly recognized, and musicians are prioritizing this coverage to protect their investments.

Loss Insurance:

Loss insurance covers situations where musical instruments are lost and unable to be retrieved. This may include instances where instruments are misplaced or left behind during travel. Such policies are becoming more relevant in today's mobile and fast-paced music scene, where musicians often tour extensively. Loss insurance alleviates the financial burden associated with losing a valuable instrument, allowing owners to receive compensation that can facilitate the purchase of a replacement. As musicians become more aware of the potential risks associated with touring and performing, the demand for loss insurance has grown, highlighting the need for comprehensive protection across all possible contingencies.

By Instrument Type

String Instruments:

String instruments, including guitars, violins, and cellos, represent a significant segment of the musical instrument insurance market. These instruments often carry both sentimental and monetary value, making their protection paramount for owners. Insurance policies tailored for string instruments typically cover various risks, including theft, damage, and loss, which are particularly relevant for musicians who frequently travel or perform. With the rising popularity of string instruments across different genres of music, such as classical, folk, and rock, the demand for specialized insurance that addresses the unique needs of string instrument owners continues to grow.

Wind Instruments:

Wind instruments encompass a range of devices, such as flutes, trumpets, and saxophones, which are widely used in various musical styles. Insuring wind instruments is vital, as they are often subjected to wear and tear, especially during performances and travel. Policies for wind instruments generally provide coverage for accidental damage and loss, ensuring that musicians can maintain their instruments' quality and functionality. As more musicians embrace wind instruments in their performances, the market for wind instrument insurance has expanded, reflecting the need for specialized protection tailored to this specific category.

Percussion Instruments:

Percussion instruments, including drums and tambourines, are integral to many music genres and require appropriate insurance coverage. These instruments can be bulky and may face risks during transport, making damage insurance particularly relevant. Furthermore, instrumentalists often invest considerable money in high-quality percussion equipment, which necessitates the need for financial protection against loss or theft. As the demand for percussion instruments grows in both educational and professional settings, so does the need for suitable insurance policies that cater specifically to percussionists' needs and concerns.

Electronic Instruments:

Electronic instruments, such as synthesizers and electric guitars, are increasingly popular among modern musicians. These instruments often represent a significant financial investment, and their complexity necessitates specialized insurance coverage due to the potential risks of damage or theft. Policies for electronic instruments typically include provisions for equipment malfunction or failure, which is crucial for musicians who rely heavily on technology in their performances. As electronic music continues to gain traction across various genres, the demand for electronic instrument insurance is expected to grow, highlighting the unique risks associated with this category.

Others:

The "Others" category encompasses various musical instruments not classified under the primary types, such as traditional or ethnic instruments like sitars, bagpipes, or marimbas. These instruments may have unique cultural significance and varying monetary value, which makes them vital to their owners. Insurance policies covering other instruments typically address specific risks relevant to these unique categories, ensuring that owners can protect their investments adequately. As global music trends evolve and diversity in instrument usage expands, the demand for insurance tailored to these "other" instruments is likely to increase, reflecting a broader appreciation for musical diversity.

By Coverage Type

Individual Coverage:

Individual coverage is designed specifically for musicians who own personal instruments and wish to safeguard their investments from threats such as theft, damage, and loss. This type of coverage provides a tailored solution, addressing the unique requirements of individual instrument owners. Each policy can be customized to reflect the specific value and risk profile of the instrument, ensuring that musicians receive appropriate protection. As more individuals engage deeply with music, particularly in the context of personal investment in high-value instruments, the demand for individual coverage has risen, signifying a focus on personal asset protection.

Group Coverage:

Group coverage caters to organizations such as schools, music studios, or bands that own multiple instruments. This type of policy provides comprehensive protection across a range of instruments under a single umbrella, streamlining the insurance process and potentially offering cost savings. Group coverage is particularly beneficial for institutions that regularly use musical instruments for educational purposes or performances, as it simplifies the management of insurance needs while ensuring that all instruments are adequately protected. With educational institutions increasingly investing in musical programs, the demand for group coverage is gaining traction, highlighting the necessity for collective protection.

Event Coverage:

Event coverage is crucial for musicians and event organizers who need protection during live performances, festivals, and other public gatherings. This type of insurance protects against risks related to equipment damage, liability claims, and cancellations. As live performances become a primary source of income for many musicians, the need for event coverage is more pronounced, with many performers recognizing the potential financial implications of unforeseen incidents. With the music industry constantly evolving and the rise in public events, the demand for event coverage has seen significant growth, showcasing the importance of comprehensive event protection in today’s music landscape.

Instrument Rental Coverage:

Instrument rental coverage is essential for individuals and organizations engaged in the rental business, where instruments are loaned to customers for events, lessons, or performances. This type of insurance protects against losses related to damaged or lost rental instruments, ensuring that rental companies can operate smoothly without facing significant financial setbacks. As the rental market for musical instruments continues to expand due to increased interest in music education and performance, the need for specialized rental coverage becomes even more critical. This growth highlights the importance of safeguarding rental businesses against potential liabilities and losses.

Others:

The "Others" category in coverage types encompasses various insurance options that may not fit neatly into the defined categories above. This could include specialty policies that cater to unique instruments, specific events, or particular circumstances that require a more customized approach. As the musical landscape diversifies and evolves, the need for specialized coverage continues to develop, addressing the varied needs of instrument owners. The growing market for unique and niche musical instruments creates opportunities for providers to offer tailored policies that meet the distinct needs of diverse musicians.

By Distribution Channel

Insurance Companies:

Insurance companies play a pivotal role in the distribution of musical instrument insurance, offering a wide range of policies to cater to different needs. These companies typically employ teams of underwriters who assess risk and establish coverage options based on individual requirements. With their established networks and reputation, insurance companies provide the necessary resources to ensure that musicians and instrument owners can find comprehensive protection. As more musicians recognize the importance of insuring their instruments, the engagement with traditional insurance companies is likely to continue rising, solidifying their position as vital distribution channels in the market.

Insurance Agents:

Insurance agents serve as intermediaries between clients and insurance companies, providing personalized service to musicians seeking insurance coverage for their instruments. They play a crucial role in educating clients about various policy options, helping them navigate through the complexities of insurance terms, and finding suitable coverage that meets their specific needs. By maintaining strong relationships with multiple insurance providers, agents can offer competitive rates and tailored policies, making them an essential channel for distributing musical instrument insurance. As the market grows and diversifies, the role of insurance agents remains significant, providing a human touch in an otherwise digital landscape.

Online Platforms:

Online platforms have revolutionized the insurance industry by allowing consumers to easily compare policies, access information, and secure coverage from the comfort of their homes. The rise of digital solutions has made the process of obtaining musical instrument insurance more efficient and accessible for a broader audience. Through user-friendly interfaces and automated purchasing options, potential clients can explore various policies and determine which best fits their needs. As the trend of digitalization continues to grow, online platforms are likely to play an increasingly dominant role in the distribution of musical instrument insurance, catering to tech-savvy musicians seeking convenience and transparency.

Musical Instrument Stores:

Musical instrument stores represent a unique distribution channel by providing insurance options directly to customers purchasing instruments. These stores offer the opportunity for buyers to bundle their instrument purchases with insurance coverage, streamlining the process and ensuring that new owners have immediate protection in place. By collaborating with insurance providers, these stores can enhance their customer service and support musicians in making informed decisions about protecting their investments. As more consumers prioritize insurance as part of their instrument buying experience, the role of musical instrument stores in distributing insurance will continue to gain significance.

Others:

Other distribution channels for musical instrument insurance may include specialized brokers, music schools, and community organizations that provide support to musicians. These channels may offer niche products tailored to specific needs, such as policies for educational institutions or community-based programs. As the music industry diversifies and more organizations emerge to support musicians, the variety of distribution channels will expand, providing unique opportunities for insurance providers to reach potential clients and offer specialized coverage. This diversification can lead to a more holistic approach in addressing the insurance needs of the music community.

By Region

The musical instrument insurance market in North America is the largest, accounting for approximately 40% of the global market share. The region is home to a vibrant music scene, with numerous professional musicians, schools, and bands investing heavily in high-value instruments. The growing awareness of the importance of insurance coverage, coupled with a favorable regulatory environment, has fueled the expansion of insurance products specific to musical instruments. Additionally, the North American market showcases a continuous increase in live performances and events, further driving the demand for comprehensive insurance solutions that cater to the diverse needs of musicians and instrument owners.

In Europe, the musical instrument insurance market is projected to grow at a CAGR of 6.2%, reflecting the region's rich musical heritage and the increasing investments in musical education and performance. Countries such as the United Kingdom, Germany, and France are witnessing a surge in both amateur and professional musicians seeking protection for their instruments against theft, damage, and loss. This growing trend is amplified by the rising number of music festivals and events across the continent, which necessitates adequate coverage for performers. As the European market continues to evolve, the demand for specialized insurance tailored to various musical instruments is expected to escalate, contributing to the overall growth of the musical instrument insurance landscape.

Opportunities

With the rapid evolution of the music industry and the increasing number of musicians and music enthusiasts, there are rich opportunities for growth in the musical instrument insurance market. The ongoing rise of music education, particularly in schools and universities, creates a significant demand for insurance coverage tailored to educational institutions and students. This presents an opportunity for insurance providers to develop specialized policies that cater to schools, music programs, and individual students, ensuring they are adequately protected while learning and performing. As more young people engage in music, the potential market for insurance coverage expands, signifying a lucrative avenue for growth in the future.

Moreover, the integration of technology in music, such as digital instruments and software-based tools, presents an innovative opportunity for insurance companies to adapt their products to the changing landscape. Offering coverage for electronic instruments, software, and related technologies can capture a burgeoning segment of musicians who rely on modern equipment for their performances. By staying ahead of technological trends and developing insurance products that address contemporary needs, providers can position themselves effectively in the market while catering to the diverse and evolving requirements of musicians in today’s digital age.

Threats

One of the primary threats facing the musical instrument insurance market is the potential for market saturation, particularly in regions with a high concentration of musicians and instrument owners. As more insurance providers enter the market, competition intensifies, leading to potential price wars that can reduce profitability for existing companies. Additionally, if demand for musical instrument insurance does not keep pace with the influx of new entrants, it may result in an oversupply of products that could undermine the overall market stability. This saturation poses a risk to insurance providers who rely on a stable customer base to maintain their operations and profitability.

Another significant threat is the evolving nature of the music industry, which may lead to shifts in consumer preferences and behaviors. As genres change and new musical trends emerge, the types of instruments in demand may fluctuate, impacting the need for insurance coverage targeting specific instrument types. Furthermore, the rise of digital music production and the increasing popularity of software-based tools may lead some musicians to forego traditional instruments altogether. This shift can diminish the overall market for instrument insurance, as fewer consumers may see the need to protect physical instruments that are less frequently used in modern music production.

Competitor Outlook

• Hiscox Ltd.
• Allianz Global Corporate & Specialty
• AIG (American International Group)
• State Farm Insurance
• Thompson Insurance
• Musicians Insurance
• Marsh & McLennan Companies
• Progressive Insurance
• Geico
• Zurich Insurance Group
• Travelers Insurance
• Liberty Mutual Insurance
• Chubb Limited
• Nationwide Mutual Insurance Company
• AXA XL

The musical instrument insurance market is characterized by a diverse competitive landscape, with numerous players vying for market share. Major insurance companies, both traditional and specialized, are continually adapting their products and services to meet the unique needs of musicians and instrument owners. Companies that effectively leverage technology, such as online platforms for policy comparison and purchasing, are gaining a competitive advantage in an increasingly digital environment. Additionally, the focus on customer service and providing tailored insurance solutions will be crucial for companies seeking to differentiate themselves in a saturated market. As the demand for musical instrument insurance continues to grow, competition among existing players will likely intensify, prompting ongoing innovation and refinement of insurance offerings.

Some key players in the musical instrument insurance market include Hiscox Ltd., which is known for its comprehensive insurance solutions catering to musicians and their instruments. They have established a strong reputation for providing tailored policies that address the specific risks faced by musicians. Similarly, Allianz Global Corporate & Specialty offers a range of specialized insurance products, focusing on high-value instruments and unique coverage needs. Their extensive experience in the insurance sector enables them to craft policies that can adequately protect a wide range of musical instruments, enhancing their appeal to both individual musicians and organizations.

Another notable player is AIG, which provides a variety of tailored insurance solutions for musicians, including property and liability coverage. Their strong presence in the global insurance market positions them well to cater to diverse customer needs. State Farm Insurance also plays a significant role, offering accessible insurance options for musical instruments through its vast network of agents. Their commitment to customer service and personalized support is a vital aspect of their competitive strategy, ensuring that musicians receive appropriate coverage for their needs. Companies like Musicians Insurance further specialize in this niche market, providing tailored solutions that cater exclusively to the unique risks faced by musicians.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Geico
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 AXA XL
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Hiscox Ltd.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Chubb Limited
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Thompson Insurance
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Musicians Insurance
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Travelers Insurance
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 State Farm Insurance
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Progressive Insurance
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Zurich Insurance Group
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Liberty Mutual Insurance
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Marsh & McLennan Companies
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 AIG (American International Group)
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Nationwide Mutual Insurance Company
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Allianz Global Corporate & Specialty
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Musical Instrument Insurance by Market, By Policy Type
    • 6.1.1 Property Insurance
    • 6.1.2 Liability Insurance
    • 6.1.3 Theft Insurance
    • 6.1.4 Damage Insurance
    • 6.1.5 Loss Insurance
  • 6.2 Musical Instrument Insurance by Market, By Coverage Type
    • 6.2.1 Individual Coverage
    • 6.2.2 Group Coverage
    • 6.2.3 Event Coverage
    • 6.2.4 Instrument Rental Coverage
    • 6.2.5 Others
  • 6.3 Musical Instrument Insurance by Market, By Instrument Type
    • 6.3.1 String Instruments
    • 6.3.2 Wind Instruments
    • 6.3.3 Percussion Instruments
    • 6.3.4 Electronic Instruments
    • 6.3.5 Others
  • 6.4 Musical Instrument Insurance by Market, By Distribution Channel
    • 6.4.1 Insurance Companies
    • 6.4.2 Insurance Agents
    • 6.4.3 Online Platforms
    • 6.4.4 Musical Instrument Stores
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Musical Instrument Insurance by Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Musical Instrument Insurance by market is categorized based on

By Policy Type

• Property Insurance
• Liability Insurance
• Theft Insurance
• Damage Insurance
• Loss Insurance

By Instrument Type

• String Instruments
• Wind Instruments
• Percussion Instruments
• Electronic Instruments
• Others

By Coverage Type

• Individual Coverage
• Group Coverage
• Event Coverage
• Instrument Rental Coverage
• Others

By Distribution Channel

• Insurance Companies
• Insurance Agents
• Online Platforms
• Musical Instrument Stores
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Hiscox Ltd.
• Allianz Global Corporate & Specialty
• AIG (American International Group)
• State Farm Insurance
• Thompson Insurance
• Musicians Insurance
• Marsh & McLennan Companies
• Progressive Insurance
• Geico
• Zurich Insurance Group
• Travelers Insurance
• Liberty Mutual Insurance
• Chubb Limited
• Nationwide Mutual Insurance Company
• AXA XL