Philippine Time: 10:47 AM    |   October 21, 2017

Philippine AXA Life Insurance Corporation

Overview of AXA
AXA Philippines is the 2nd largest life insurance company in the Philippines based on total Premiums Earned in 2014, ranking third in net total first year premiums in 2014.

As a joint venture between one of the world’s largest insurance groups, AXA SA, and Philippines top banking group, Metrobank, combining international insurance expertise and local market knowledge
AXA Philippines is the first company to start structured distribution of life insurance products through the bank branch network in 2004 using the strengths of both joint venture partners
AXA Philippines is the innovator behind and the market leader in variable life insurance product offering clients new possibilities to secure their financial future and expand their choices to invest their assets
Over the past years developed successfully into a multi-line, multi distribution channel company offering traditional and unit linked products, for individual and group clients through 550 salaried financial executives in the branch network of Metrobank, 2,250 exclusive financial advisors and a small direct sales team (50-80 employees) for group insurance, worksite marketing and tele-marketing
In 2014, AXA Philippines total premium income increased to PHP18.4 bn and the company recorded a net income of PHP1.2 bn 

Overview of AXA Group
AXA Philippines has benefitted from a global brand, extensive expertise on risk management and product development as well as the group’s regional operating model
One of the global leaders in insurance and asset management
Headquartered in Paris and serves 95 million clients, individuals and businesses in 61 countries
The group operates primarily in Western Europe, North America, the Asia Pacific region, and the Middle East
Offers a wide range of products and services including life insurance & savings, property & casualty insurance and asset management
AXA Asia has successful partnership with dominant market players like Krungthai bank in Thailand, Bank Mandiri in Indonesia and ICBC in China

GT Capital conducts its insurance business through its 25.3% interest in Philippine AXA Life Insurance Corporation (“AXA Philippines”), which offers personal and group insurance products in the Philippines, including life insurance and investment-linked insurance products.

As of December 31, 2014, AXA was the Philippines’ second largest life insurance company in terms of total net premiums earned. In 2014, the ‘AXA’ brand was the top insurance brand in the world according to Interbrand.

Company Milestones

Pioneer and Market Leader in Bancassurance
  • In 2005, AXA Philippines rolled out the AXA regional bancassurance model in the Philippines after the approval from BSP received in 2004
  • Key in the model was the establishment of placing AXA salaried financial executives in the bank branches to do the actual advising and sales fulfillment to customers referred by the branch staff
  • Main advantage for the bank is the increased retention of customers and the extended product offering next to the fee income
  • Majority of the assets gathered by the distribution of life insurance products are managed in Metrobank according to mandates provided by AXA Philippines and supervised by AXA
Axa continues to be a leader in the life insurance industry

2014 Industry Rankings

AXA Building along Gil Puyat Avenue, Makati City

Financial Highlights as of December 2014

Company Highlights

AXA establishes a bancassurance partnership with PSBank. 

AXA President Mr. Rien Hermans inaugurates the
AXA Cebu Business Park. 

AXA Health Day in selected Metrobank branches.