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AXA
AXA

Insurance and reinsurance / Insurance and Financial Services

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

AXA is a multinational insurance company founded in 1817 in France. Originally known as Mutuelle de L'assurance contre L'incendie, the company rebranded as AXA in 1985. Today, AXA has a presence in over 60 countries and serves over 108 million customers worldwide.
The company offers a wide range of insurance products and services, including life, health, home, motor, business, and travel insurance. AXA also offers investment and retirement products, as well as wealth management services. In addition to insurance, AXA is also involved in financial services, with divisions in asset management and banking.
The company's mission is to help its customers live their lives with confidence by providing financial protection and support. AXA also places a strong emphasis on corporate responsibility, with a focus on sustainability, diversity and inclusion, and ethical business practices.
As of 2021, AXA has over 160,000 employees and reported revenues of €103.5 billion. The company is listed on multiple stock exchanges, including Euronext Paris and the New York Stock Exchange. It is also a component of the Euro Stoxx 50 stock market index.
AXA has received numerous awards for its financial products, services, and corporate responsibility efforts. In 2020, the company was named as the world's #1 insurance brand by Interbrand for the 10th consecutive year. It has also been recognized for its environmental, social, and governance (ESG) practices, ranking highly on lists such as the Dow Jones Sustainability Index and Corporate Knights Global 100.

What is special about the company?

1. Global Presence: AXA is a multinational insurance company with a presence in over 60 countries and serving over 108 million customers.
2. Diverse Portfolio: AXA offers a wide range of insurance products and financial services, including life insurance, health insurance, property and casualty insurance, investment management, and retirement planning.
3. Strong Financial Stability: AXA is one of the largest insurance companies in the world, with a strong financial track record and a high credit rating.
4. Customer Focus: The company has a strong focus on customer satisfaction and has received recognition for its efforts in this area. It regularly conducts surveys to gauge customer satisfaction and adapts its products and services to meet changing customer needs.
5. Innovation: AXA is known for its innovation and use of technology in the insurance industry. It has invested in digital transformation and launched innovative products such as usage-based car insurance, and digital platforms for customer service and support.
6. Corporate Social Responsibility: AXA is committed to being a responsible corporate citizen and has implemented various initiatives and policies to promote sustainability and social responsibility.
7. Strong Brand Reputation: The AXA brand is widely recognized and trusted globally. It has a positive reputation for its financial stability, customer service, and commitment to social responsibility.
8. Employee Development: AXA invests in its employees' development, providing them with training and opportunities for career growth. This commitment to their employees reflects in the company's high employee satisfaction and retention rates.
9. Diversity and Inclusion: AXA promotes diversity and inclusion within its workforce and has initiatives to support diversity in its recruitment, training, and career development processes.
10. Award-Winning: AXA has been recognized for its excellence and achievements, winning numerous awards in the insurance industry for its products, services, and corporate social responsibility efforts.

What the company's business model?

The AXA company's business model is a diversified financial services model. It involves offering insurance, investment management, and other financial products and services to individuals and businesses in various markets around the world. The company operates through different segments, including Life and Savings, Property and Casualty, Health, and Asset Management. Its revenue comes primarily from insurance premiums, investment income, and fees for asset management services. The company also utilizes a multichannel distribution strategy, including agents, brokers, and digital platforms, to reach its customers. Overall, the company aims to provide financial security and protection to its clients by managing risks and helping them achieve their financial goals.

Interesting facts about the company

1. AXA is a multinational insurance company headquartered in Paris, France. It was founded in 1816 as the Ancienne Mutuelle company.
2. The name “AXA” is an acronym for the original name of the company, Ancienne Mutuelle de l’Assurance contre l’Incendie et les Accidents.
3. AXA is the world’s largest insurance company by assets and the 10th largest non-financial corporation in terms of revenue.
4. The company operates through five business segments: life & savings, property & casualty, international insurance, asset management and banking.
5. While AXA is primarily known for its insurance services, the company also offers financial and investment services such as wealth management, retirement planning, and asset protection.
6. As of 2020, AXA has a presence in over 60 countries and serves more than 108 million customers worldwide.
7. In addition to its insurance offerings, AXA is also known for its commitment to sustainability and social responsibility. The company has implemented various initiatives to reduce its carbon footprint and support social causes like women’s empowerment and education.
8. AXA is also a major player in the corporate responsibility space, having established the AXA Research Fund in 2007 to support research on environmental, social, and health-related issues.
9. In 2018, AXA became the official insurance partner of the English Premier League club Liverpool F.C., and the naming rights sponsor of their home stadium, renaming it to AXA Training Centre.
10. In 2019, AXA announced its plan to divest from the coal industry and stop insuring any new coal projects, in line with its commitment to fight climate change. This makes AXA the first major global insurer to take such action.

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