AXA Gulf wins ‘Insurer of Year’ honour for 5th consecutive year at MENA Insurance Awards

DUBAI, UAE - Jan. 26, 2014 - PRLog -- In a major boost to its market leadership and reputation in the Middle East and North Africa, AXA Gulf – one of the largest non-life international insurers in the Middle East – has won top recognitions and honours at the MENA Insurance Awards 2014.

AXA Gulf won the Insurer of the Year award at the MENA Insurance Awards for the fifth consecutive year, which speaks volumes about its consistency to deliver world-class insurance products and services in the MENA region. Apart from this, AXA Gulf also walked away with Personal Lines Insurer of the Year award - a recognition it has won for the second time; and Bahrain Insurer of the Year honours for the first time.

The MENA Insurance Awards were given away on January 15, 2014 at The Address Downtown Dubai. Over 300 guests from across MENA region, including decision makers from leading Arab and international insurance and reinsurance companies, brokers and representatives from regulatory agencies as well as banks attended the gala event.

Awards across key 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.

Mr Jérôme Droesch, CEO of AXA Gulf, said: “The insurance industry has evolved over the years, and the need of the hour is to deliver the best insurance product customized to suit individual needs – be it any sector. To win the prestigious Insurer of the Year honour at the MENA Insurance Awards for the fifth consecutive year is a testimony to our company’s successful strategy and comprehensive product portfolio as well as our reputation to deliver consistent first-class services. In this fiercely competitive sector, this is indeed a great achievement for us.”

He added: “This is a success of our world-class standards in both product and service quality and I am thankful to our partners and shareholders and most importantly our customers in making this possible. Last but not the least, this award recognizes each and every AXA employee in the region; and I thank everyone for making this happen. The honour in both Personal Lines and the Bahrain Insurer of the Year further reinforces our committed goal to become the preferred insurer across various markets & categories.”

The winning of the Personal Lines Insurer of the Year provides a further boost to AXA market leadership recognizing the company’s knowledge, expertise, strategy and high quality product offerings in the category. Similarly, the Bahrain Insurer of the Year is a major impetus to the company’s growth plans in the evolving Bahrain insurance market.

Alexis de Beauregard, Chief Officer – Marketing and Retail Product Offering at AXA Gulf, said: “The awards are a huge endorsement of our world-class service and product offerings. Our business model is one of a true risk carrier, as we use our own capacity rather than rely on the support of external reinsurance and commitment to deliver excellence across various categories.”

Cedric Charpentier, Chief Distribution Officer at AXA, who received the Bahrain Insurer of the Year award, said: “It is a great honour to be named the Bahrain Insurer of the Year for the first time; and a unique privilege since we are competing with some of the leading insurers in the region. This award is a testament of our market leadership and a major boost to our expansion plans in the Kingdom.”

In the past few years, AXA Gulf has demonstrated its commitment to being available, reliable and attentive. 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. AXA Insurance Gulf has been conferred with numerous industry awards over the last couple of years, reinforcing the company’s commitment to innovation and excellence in the cluttered Middle East Insurance environment.

Notes to the editor:

About AXA in the Gulf

With a workforce of over 800 employees, 22 branches region-wide, more than 500,000 customers and 2012 gross written premium of over US$ 625 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 in the Gulf was recently awarded Insurer of the Year and Personal Lines insurer in 2012 at the MENA Insurance Awards and best SME insurance product by the Banker Middle East. For more information log on to http://www.axa-gulf.com/

About AXA Group

The AXA Group is a worldwide leader in insurance and asset management, with more than 160,000 employees serving 102 million clients in 57 countries. In 2012, IFRS revenues amounted to Euro 90.1 billion and IFRS underlying earnings to Euro 4.3 billion. AXA had Euro 1,116 billion in assets under management as of December 31, 2012.

For additional information, please contact:

Alexis de Beauregard

AXA Gulf Marketing,

Tel: +971 44476350

Email: alexis.debeauregard@axa-gulf.com

www.axa-gulf.com

Menna Talla MOHY EL DIN
Regional Communication Manager, AXA Insurance (Gulf) B.S.C. (c)

Tel. : +971 (0) 4 447 6349 - Mob. : +971 (0) 56 682 7104
Email: menna.mohy@axa-gulf.com

www.axa-gulf.com