AXA Gulf wins ‘Insurer of Year’ award for the 4th year in a row

Feb. 5, 2013 - PRLog -- AXA Gulf wins ‘Insurer of Year’ award for the 4th year in a row

Company also honoured with Personal Lines Insurer of the Year

recognition at the MENA Insurance awards 2013

The company was also awarded the Superbrands UAE status in addition to the number one insurance brand in the Top Management category in Oman,

Reinforcing its market leadership and consumer acceptance of its world-class products portfolio, AXA Gulf - one of the largest non-life international insurers in the region – today announced that it has won prestigious recognitions at the 4th Annual MENA Insurance Awards 2013 earlier this week.

In a honour which underlines the market dominance of AXA Gulf in the MENA region, the company was conferred the Insurer of the Year award for the fourth consecutive year - a record achievement for AXA Gulf in the highly-competitive regional insurance sector. The company also won the Personal Lines Insurer of the Year award.

The MENA Insurance Awards 2013 were handed over on January 21, 2013 at The Address, Emaar Boulevard in Dubai. Top officials from leading Arab and international insurance and reinsurance companies, brokers, representatives from regulatory agencies as well as banks attended the gala ceremony. A total of 22 awards, which included 4 new categories, were given away at the ceremony.

The selection of AXA Gulf as the Insurer of the Year recognized its commitment to customers, innovation and consistent delivery of high quality coverage, product diversity, technical expertise, leadership and a strong, persistent financial performance.

Commenting on this record performance, Mr Jérôme Droesch, CEO of AXA Gulf, said: “Winning such awards  is always a great moment for AXA Gulf, and we are extremely honoured to have been named the Insurer of the Year at MENA Insurance Awards for the fourth year in a row. Securing this award every year shows our consistency in delivering a high class standard in both our product offer and service quality. I think this is a good reflection of what has been achieved in 2012 and a great way to reward the work of AXA Gulf’s team across the region. Finally, I am thankful to our partners, our shareholders, our customers, our distributors and the AXA team for their continued trust and making this possible.”

He added: “The top industry honour, as also winning the Personal Lines Insurer of the year award reinforces our committed goal to become the preferred insurer for our customers and distributors across all our product categories.”

The winning of the Personal Lines Insurer of the Year provided a further boost to its market leadership and reputation in the region, recognizing the company’s knowledge, expertise, strategy and high quality product offerings in the category.

Alexis de Beauregard, Chief Officer – Marketing and Retail Product Offering at AXA Gulf, said: “We are privileged to be named the best in the Personal Lines Insurance in the MENA region. The awards bear testimony to not only our service standards and product offerings but also our successful business model and world-class team. These awards motivate us to strive for further excellence and continue our success story in the Region.”

The latest awards come close on the heels of top industry recognitions to AXA Gulf. The company was recently awarded the Superbrands UAE status by Superbrands for the 3rd year in a row – an independent authority and arbiter of branding – underlines the strength of the AXA Gulf brand in the UAE and beyond. The company was selected from over 1,300 regional brands and judged on a stringent criteria applied by an independent Superbrands Council.

In another top industry honour, AXA was named as the number one insurance brand in the Top Management category in Sultanate of Oman, as per a survey conducted on top brands. AXA was also ranked 5th in the Popular Choice category in the survey conducted by leading business publication Business Today on Best Brands 2012 in the Insurance Sector.

In the past few years, AXA Gulf has demonstrated its commitment to being available, reliable and attentive. AXA Gulf massively invested in state-of-the-art call centres and also in its Internet solutions and extended its presence across the Gulf countries with over 22 branches in 5 countries. Thanks to these investments, AXA Gulf now provides a unique range of contact points for its customers: brokers, Internet, walk-in branches, mall shops and the telephone.

Stimulated by all these recent recognitions, AXA Insurance Gulf will continue to invest,  reinforcing the company’s commitment to innovation and excellence in the cluttered Middle East Insurance environment and by reinforcing its customer centric strategy

Notes to the editor:

About AXA in the Gulf

With a workforce of over 750 employees, 22 branches region-wide, more than 500,000 customers and 2011 gross written premium of over US$ 515 million, AXA is the largest international non-life player in the GCC offering a wide range of insurance products and services for corporate and individual customers. AXA Gulf was recently awarded Insurer of the Year 2011 at the MENA Insurance Awards, Best Medical Insurer of the Year 2011 at the Insurex Conference and Best Motor Insurance provider at the latest Car Middle East Awards.

About AXA Group

The AXA Group is a worldwide leader in insurance and asset management serving 101 million clients. For full year 2011, IFRS revenues amounted to Euro 86.1 billion and IFRS underlying earnings to Euro 3.9 billion. AXA had Euro 1,079 billion in assets under management as of December 31, 2011.

For additional information, please contact:

Alexis de Beauregard          

AXA Gulf Marketing,

Tel: +971 4 4453850          

Email: alexis.debeauregard@axa-gulf.com