Target Market Statement for AXA XL Healthcare Liability

This document is a target market statement for AXA XL's Healthcare Liability – Medical Malpractice insurance product. It outlines the identified target market and the expected distribution strategy for the product. The statement details the main features of the product, specifying that it is designed for a variety of clients, including large academic medical systems, small senior care facilities, and individual healthcare practitioners. It clarifies that the product is not suitable for businesses or individuals outside the healthcare industry or those seeking only general liability coverage. The document also addresses customer vulnerabilities, noting that financial strain due to inflation and interest rates may affect customers' ability to afford premiums. Furthermore, it describes the product's coverage, including claims related to medical malpractice and defense costs, while also listing notable exclusions. The distribution method is specified as via a broker, and it emphasizes the importance of ensuring fair value for customers throughout the sales process.