The Global Variable life Insurance Market has witnessed continuous growth in the past few years and is projected to see some stability post Q2,2020 and may grow further during the forecast period (2021-2025). The assessment provides a 360° view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by key players. These insights also help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions. Some of the key...
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Our downgrades of the core operating entities of AXA Group, including AXA Life Insurance, are based on our view that unfavorable investment market conditions and weak economic prospects are likely to dampen the group’s earnings growth prospects, despite its actions to deemphasize capital-consuming products and business lines. The group’s risk-adjusted capital adequacy level, according to our criteria, and its sensitivity to changing market conditions continue to be weaknesses for the financial strength ratings, although we believe earnings retention and recently improving investment market conditions have provided capital adequacy support over the past year. On Dec. 18, 2012, we lowered the...
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Left to right: Dr Wolfgang Baier, group CEO of SingPost, and Jean-Louis Laurent Josi, CEO of AXA Asia AXA has signed a 10-year partnership agreement with Singapore Post (SingPost) to sell its life insurance products in 34 post offices across Singapore. Customers will be able to choose from a wide range of AXA@POST products including car, home, and travel insurance, as well as savings, life protection and investment plans. Doina Palici-Chehab, CEO of AXA Insurance Singapore, said, “AXA@POST is an important part of our business strategy to expand our customer touch points and bring insurance closer to our customers in Singapore. Today, I am pleased to be able to complete our insurance...
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Two top officials of Bharti AXA life insurance face arrest A local court on Thursday dismissed the anticipatory bail plea of chief executive officer and vice-president of Bharti AXA Life Insurance company in a case of cheating of over Rs 14 lakh. punjab Updated: Nov 20, 2015 16:41 IST Sandeep Ghosh, 47, a resident of Mumbai, is the chief executive officer, while Gaurav Bhatia, 42, a resident of New Delhi, is the vice-president of the insurance company.(Livemint photo) A local court on Thursday dismissed the anticipatory bail plea of chief executive officer and vice-president of Bharti AXA Life Insurance company in a case of cheating of over Rs 14 lakh. Sandeep Ghosh, 47, a resident of...
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ICICI Lombard in Talks to Acquire Bharti AXA General Insurance: Report ICICI Lombard General Insurance has initiated talks to acquire Bharti Enterprises backed Bharti AXA General Insurance in all stock transaction, according to sources. Bharti Enterprises currently owns 51 per cent stake in Bharti AXA General Insurance, while French insurer AXA has 49 per cent. According to the sources, the valuation of Bharti-AXA has been pegged around Rs 2,800 crore. E-mail sent to Bharti Axa General Insurance, Bharti Enterprises and ICICI Lombard did not elicit an immediate response. Bharti Enterprises has been trying for a long time to exit its financial services business. In 2016, Bharti Enterprises'...
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Latest added Global Stroke Insurance Market research study by HTF MI offers detailed product outlook and elaborates market review till 2025. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are China Life Insurance, Ping An Insurance, China Pacific Insurance, Aviva, Legal & General, New China Life Insurance, AXA, Prudential plc, Aegon, Allianz, AIG, UnitedHealthcare, Zurich, MetLife, Dai-ichi Life Group, Sun Life Financial, Huaxia life Insurance, Aflac, Liberty Mutual & HCF etc. The study is a perfect mix of qualitative and quantitative Market data collected...
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This well versed report is thoughtfully crafted to arm report readers with convincing market insights on the mettle of all aforementioned factors that propel relentless growth despite significant bottlenecks in the Non-life Insurance Market. This recent research compilation on the Non-life Insurance market presents a deep analytical review and a concise presentation of ongoing market trends that collectively inculcate a strong influence on the growth trajectory of the aforementioned Non-life Insurance market. This study covers following key players: This illustrative research report on the Non-life Insurance market is an all-in-one, ready to use handbook of market dynamics that upon...
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Insurance and reinsurance group AXA has cited business interruption claims as one of the “most material impacts” in its new forecast for EUR 1.2 billion of losses in its property and casualty (P&C) businesses due to the Covid-19 pandemic. AXA has been a significant purchaser of reinsurance protection in recent quarters and also cedes a share of certain losses from its specialty insurance and reinsurance unit AXA XL to capital market investors. This morning, the insurer disclosed a forecast for a EUR 1.2 billion loss due to Covid-19 in its P&C business, saying it would set that amount of reserves for the event. Driving that loss are a range of areas of business, but the...
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AXA puts P&C virus claims at €1.2bn, cuts dividend Global insurer AXA has estimated that the COVID-19 pandemic will result in an overall P&C claims cost of €1.2 billion, post-tax and net of reinsurance. The figure came alongside news that the company will cut its dividend almost in half, from €1.43 per share to €0.73 per share. This decision, approved by AXA’s Board of Diretors on June 2 , followed communications from the European Insurance and Occupational Pensions Authority (EIOPA) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR). AXA is anticipating that most of the impact to its P&C business will come from business interruption and event cancellation lines....
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Latest added Global Healthcare Insurance Market research study by HTF MI offers detailed product outlook and elaborates market review till 2025. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are Allianz, AXA, Nippon Life Insurance, American Intl. Group, Aviva, Assicurazioni Generali, Cardinal Health, State Farm Insurance, Dai-ichi Mutual Life Insurance, Munich Re Group, Zurich Financial Services, Prudential, Asahi Mutual Life Insurance, Sumitomo Life Insurance, MetLife, Allstate, Aegon, Prudential Financial, New York Life Insurance, Meiji Life Insurance, Aetna,...
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