Profile: AXA SA (AXAHY.PK)
15 Dec 2017
AXA SA (AXA), incorporated on February 20, 1985, is a holding company engaged in the business of financial protection. The Company's segments include Life & Savings, Property & Casualty, International Insurance, Asset Management, Banking and Holding companies. AXA operates primarily in Europe, North America, the Asia Pacific Region and in other regions, including the Middle East, Latin America and Africa.
Life & Savings segment
AXA offers a range of Life & Savings products, including Individual and group savings products, as well as Life and Health products for both individual and commercial clients. AXA's Life & Savings products include a range of Investment and Savings products, as well as Protection and Health products marketed to individual and commercial clients. The Life & Savings products offered by AXA include term life, whole life, universal life, endowment, deferred annuities, immediate annuities and other investment-based products. The Health products offered include critical illness and permanent health insurance products. AXA distributes its products through exclusive and non-exclusive channels that vary from country to country.
Property & Casualty segment
The Company's Property & Casualty segment offers a range of products, including motor, household, property and general liability insurance for both personal and commercial customers, targeting small-to medium-sized companies. In the Property & Casualty segment, AXA operates in the Western European markets. It also offers Personal and Commercial Property & Casualty insurance products in other countries in Central and Eastern Europe, as well as in Asia (Hong Kong, Singapore, Malaysia, China and Thailand), the Middle East and Latin America (Mexico and Colombia). In addition, AXA operates in Direct insurance in the United Kingdom, France, South Korea, Japan and Spain. In addition, AXA offers engineering services to support prevention policies in companies.
International Insurance Segment
The Company's International Insurance Segment operations are focused on risks, reinsurance and assistance. AXA Corporate Solutions Assurance is the Company's subsidiary engaged in large corporations in terms of property and casualty, loss prevention, risk management, underwriting and claims handling and to specialty markets (marine, aviation and space) across the world. AXA Global P&C provides AXA entities with cover on natural catastrophes. AXA Assistance operates through four business lines (Vehicle, Travel, Health and Home). AXA Liabilities Managers is the Company's specialized unit in charge of managing the AXA's Property & Casualty run-off portfolios. AXA Corporate Solutions Life Reinsurance Company is a reinsurance company, in run-off, managing a book of reinsurance contracts of variable annuities guarantees. AXA Assistance provides services to banking and insurance companies, tour operators, telecommunication operators, gas, water and electricity utilities, and automobile manufacturers.
Asset Management Segment
AXA's principal Asset management companies are AllianceBernstein Corporation (AB) and AXA Investment Managers (AXA IM). AB provides diversified investment management and related services to individual investors, private clients and to a range of institutional clients, including AXA and its insurance subsidiaries. AXA IM provides its clients with a range of global products through mutual funds and dedicated portfolios. AXA IM's clients include institutional investors, individual investors to whom Mutual funds are distributed through AXA and external distribution networks, and AXA's insurance subsidiaries both for main fund and Unit-Linked fund backing insurance products. AXA IM's services include Fixed Income, Framlington, Rosenberg, Real Assets and Multi Asset Client Solutions.
The operations in the Banking segment are conducted primarily in Belgium, France and Germany. AXA Bank's products and offers are linked with insurance business and are focused on retail products. AXA Banque has approximately 715,000 registered customers, with a retail banking product offer. AXA Banque also manages direct clients through Internet banking relationships. AXA Bank focuses on private customers in retail banking and is an element of pension and Asset Management business of AXA Germany. The activities of AXA Bank are loans, deposits and investment funds.
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