AXA Corporate Solutions focussed ambition on High Growth Markets
By 2015, High Growth Markets such as Asia, Latin America and Eastern Europe are expected to see their large corporate markets increase by 8.4%, whereas mature markets will register only a 1.6% rise, thus generating respectively €13.6 bn new premium for corporte risks in HGM and €9bn in mature markets.
With implementations in Singapore, Shanghai and Hong Kong, AXA Corporate Solutions is a historical and significant actor on the Asian market for large corporate and Marine business. It has recently appointed Ergu Genya CEO for the Asia region, which represents 57% of the €22 bn market (P&C large corporate and Marine) in HGM.
AXA Group intends to increase its market share from 2.5% to 3.5% by 2015, thus doubling its total premium written in these areas, through partnerships between AXA Corporate Solutions and AXA General Insurance, or with external partners.
"Our clients need to have strong support across the world. So we have to accompany them in every country, which includes Asia, South America and the Middle East. For European risk managers, we need to be there as they have urgent needs. We can give the support of our risk consulting and our international program expertise", according to Philippe Rocard, CEO AXA Corporate Solutions.