Daily Insurance Industry News
 
 
Daily Insurance Industry News
Wednesday 25th of April 2018

AXA Group


AXA is the holding company of the AXA Group, a global financial services provider.

The Company operates through five main business streams:

  • Life & Savings,
  • Property & Casualty,
  • International Insurance,
  • Asset Management,
  • Banking.

The Life & Savings products are marketed in the UK under AXA Sun Life, and 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. Individual and group savings retirement products are also provided.

AXA Insurance's Property & Casualty stream is focused mainly on motor, home, property and general liability insurance for both personal and commercial customers, and includes the Swiftcover brand.

The International Insurance stream include insurance products that specifically relate to AXA Corporate Solutions Assurance.

The Asset Management segment includes diversified asset management, such as investment fund management.

The Banking stream includes banking activities conducted primarily in France and Belgium.

An additional Holding companies segment includes all non-operational activities

AXA also owns the insurance brokers Smart & Cook, Stuart Alexander and Layton Blackham.

Website: AXA Insurance

Latest AXA News:

April 16, 2012

Which? campaigns on insurers’ hidden fees

by Gill Montia

Story link: Which? campaigns on insurers’ hidden fees

Which? is claiming that some home and car insurers are taking consumers for a ride by charging exorbitant “hidden” fees for basic policy changes and renewals. The consumer group reviewed the terms and conditions on the websites of 39 car insurers and 34 home insurers only to find that there are often costly fees to […]



April 2, 2012

AXA advises DIYers to check their coverage

by Richard Kilner

Story link: AXA advises DIYers to check their coverage

With Easter approaching and three-quarters of Britons due to do a little DIY around the home, AXA is warning of costly accidents as claims are expected to spike on Easter Monday. The Easter break is expected to see 71% of people doing DIY or maintenance around the home, but AXA has warned that the 50% […]



March 12, 2012

AXA completes acquisition of Health-on-Line

by Gill Montia

Story link: AXA completes acquisition of Health-on-Line

AXA UK has completed the acquisition of specialist on-line health insurance provider, Health-on-Line, which is based in Bournemouth and employs around 170 staff. The deal will strengthen AXA PPP healthcare’s capability as a multi-channel distributor and, by leveraging Health-on-Line’s IT capability, facilitate further development of lower-cost cover, in a bid for growth. It should also […]



March 8, 2012

AXA Commercial Lines bolsters Bristol branch

by Richard Kilner

Story link: AXA Commercial Lines bolsters Bristol branch

AXA Commercial Lines has announced the appointment of Mark Davies as sales manager at its Bristol branch. Davies joins the firm from Bluefin, and brings a decade and a half of experience to the recently opened branch in Bristol. In his new role he will report directly to Branch Manager Barrie King. AXA Commercial Lines […]



March 6, 2012

AXA revolutionises schemes data management

by Gill Montia

Story link: AXA revolutionises schemes data management

AXA Commercial Lines has introduced a new approach to processing delegated authority schemes business that should deliver significant benefits to brokers. The traditional method used by insurers tends to lump together a mass of policy information and records it as one entry, whereas AXA’s new solution receives and records individual policy information. This should enable […]



February 21, 2012

AXA promotes stress-busting in car sticky patches

by Gill Montia

Story link: AXA promotes stress-busting in car sticky patches

With one in ten motorists regularly stressed behind the wheel, AXA has been looking into soothing techniques. According to the insurer’s research, having a cuppa topped the motorist’s stress-busting list but is hardly an option when stuck in a traffic jam, being tailgated or feeling rushed. More feasible is something that doesn’t distract but can […]



February 11, 2012

Exaggerated home insurance claims up 17%

by Gill Montia

Story link: Exaggerated home insurance claims up 17%

The number of Britons exaggerating their home insurance claims appears to be rising. Research carried out by AXA UK shows a 17% jump in those prepared to enhance their claims in the past year, with an estimated 200,000 consumers having added an average £607 to the cost of a claim. According to the study, insurance […]



January 27, 2012

AXA Commercial Lines appoints London sales manager

by Richard Kilner

Story link: AXA Commercial Lines appoints London sales manager

AXA Commercial Lines has announced the appointment of Ryan Birbeck as the firm’s new London sales manager. Birbeck has been with the firm since 2005, and will report directly to London Branch Manager Linda Courtney. During his time with the firm he has occupied a range of roles, including in underwriting and sales. AXA Commercial […]



January 11, 2012

AXA enhances cancer and heart coverage

by Richard Kilner

Story link: AXA enhances cancer and heart coverage

AXA PPP healthcare has announced that it is enhancing its support for those policyholders with cancer/heart disease, with immediate effect. The insurer is now providing full cover for licensed cancer drugs, on its standard coverage levels for individuals and SMEs. Regarding cancer treatment, the firm is waiving any monetary limits applying to out-patient tests and […]



January 3, 2012

AXA warns of a ‘year of risk’

by Richard Kilner

Story link: AXA warns of a ‘year of risk’

Home insurer AXA has warned Britons that a range of factors could make 2012 one of the riskiest on record for home insurance claims. Britain is poised for an eventful year, including occasions such as the Olympics, the Diamond Jubilee, the possible continuation of drought conditions and ongoing economic pressure. Thefts from homes increase by […]



December 12, 2011

Aviva, AXA and Allianz threatened by S&P downgrade

by Gill Montia

Story link: Aviva, AXA and Allianz threatened by S&P downgrade

Aviva, AXA and Allianz are under threat of credit rating downgrades by Standard & Poor’s (S&P). Certain other European insurance providers have also been placed on CreditWatch negative by the firm, which last week warned that systemic stresses in the eurozone have risen to the extent that they put downward pressure on the credit standing […]



December 11, 2011

AXA appoints personal lines MD

by Gill Montia

Story link: AXA appoints personal lines MD

AXA Personal Lines has appointed Nick Turner as managing director intermediary & partnerships sales, with immediate effect. Mr Turner, who succeeds Mike Keating, has held a number of distribution roles within AXA over the past 26 years and developed business partnerships across a range of the insurer’s propositions, both in the UK and globally. Most […]



November 28, 2011

SME’s prefer cash reserves to insurance

by Gill Montia

Story link: SME’s prefer cash reserves to insurance

Research by AXA UK suggests that the UK’s small and medium-sized enterprises (SMEs) have a lower level of business insurance than similar firms across continental Europe. According to the study, only 39% of Britain’s SMEs currently have business interruption cover in place, while 47% of respondents hadn’t even drawn up a business continuity plan. At […]



AXA appoints advisors on Bluefin sale

by Gill Montia

Story link: AXA appoints advisors on Bluefin sale

In response to recent speculation, AXA UK has announced that it has appointed Fenchurch Advisory Partners to advise on the potential sale of Bluefin Advisory Services (BAS), its employee benefits business. Fenchurch will also consider the prospects for the continued growth of the unit under its existing ownership. The French insurer is also keen to […]



November 24, 2011

One in four use savings to maintain lifestyle

by Gill Montia

Story link: One in four use savings to maintain lifestyle

The third “Big Money Index” from AXA highlights a shift towards a more pessimistic financial outlook as the year-end approaches. The study reveals a “deepening gloom” among Britons as they re-tighten their belts, particularly among those nearing or in retirement. Almost one in four respondents said they were using their savings to maintain their lifestyles […]



November 21, 2011

UK drivers Europe’s “bad Samaritans”

by Gill Montia

Story link: UK drivers Europe’s “bad Samaritans”

UK drivers are the least likely among European neighbours to help fellow motorists in distress, an AXA survey has found. The French insurer has labeled Britain a nation of “bad Samaritans” because just 6% of Brits questioned said they would always stop and ask a motorist who has broken down if they need help. In […]



November 14, 2011

AXA warns of winter weather dangers

by Richard Kilner

Story link: AXA warns of winter weather dangers

AXA is warning homeowners about the dangers of burst pipes due to adverse winter weather. The last two winters have both been historically severe, and saw one in every thousand people fall victim to burst pipes, with claims averaging £25,000. ‘Escape of water claims’ have spiked by 50% during the last two winters, putting tens […]



October 31, 2011

AXA warns homeowners to beware tricks

by Richard Kilner

Story link: AXA warns homeowners to beware tricks

Home insurer AXA has warned homeowners of the potential for significant damage during Halloween. Almost 10% of UK households have been damaged at one time or another by trick or treaters, and whilst most damage is minor some can be serious. Claims can increase by as much as 200% on Halloween compared to a typical […]



October 27, 2011

AXA tops Brokerbility satisfaction survey

by Gill Montia

Story link: AXA tops Brokerbility satisfaction survey

AXA Commercial Lines has taken the lead in Brokerbility’s bi-annual satisfaction survey, for the third time in a row. Brokerbility’s 34 member firms made their judgment on claims, underwriting, accounts and overall satisfaction, where the rating increased to over 80%. According to the insurer’s managing director, Matthew Reed: “This is clear evidence that the changes […]



October 26, 2011

Brokerbility survey places AXA Commercial Lines top

by Richard Kilner

Story link: Brokerbility survey places AXA Commercial Lines top

AXA Commercial Lines has topped the Brokerbility bi-annual Satisfaction Survey for the third time in a row. The survey involves the 34 member firms rating seven key insurance partners according to a number of criteria including claims, underwriting and overall satisfaction. Brokerbility Chairman Ashwin Mistry said that AXA ought to take credit for its continual […]