Insurer to focus on geographical expansion
AXA Corporate Solutions increased profits by 5.7% to €2.3bn during 2015, with a combined ratio of 97.7%.
The French insurance company said it has recorded solid underlying earnings of €134m despite a competitive market environment.
Going forward, the insurer will focus on expansion of its geographical footprint by investing in China, Australia and Latin America, and further strengthening core operations in Europe.
It will also work on developing new and emerging markets such as parametric, alternative risk transfer and cyber risks, and significant investment in talent, resources and tools.
“As a trusted, long-term and valued partner, we will accompany our clients wherever they choose to be. Through our strength and breadth, we protect our clients providing personalised risk management solutions, ranging from loss prevention to risk transfer,” said Rob Brown, chief executive of AXA Corporate Solutions.
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