AXA Gulf reinforces leadership with top Recognitions at MENA Insurance Awards

Jan. 22, 2012 - PRLog -- AXA Gulf reinforces leadership with top
Recognitions at MENA Insurance Awards

Company honoured with Insurer of the Year, Commercial Lines Insurer of the Year and Marine Insurer of the Year awards


In a step which further re-emphasizes its leadership in the Gulf , AXA Gulf - one of the largest non-life international insurers in the region – today announced that the company has won a bevy of prestigious recognition at the 3rd Annual MENA Insurance Awards 2012.

AXA Gulf was chosen for the Insurer of the Year 2011 award at the MENA Insurance Awards, the third consecutive year the company has been bestowed with the accolade. Apart from this, AXA Gulf also walked away with the Commercial Lines Insurer of the Year award and the Marine Insurer of the Year honours.

The MENA Insurance Awards 2012 were given away at a glittering ceremony held on Monday January 16, 2012 at The Address Hotel in Dubai. Decision makers from leading Arab and international insurance and reinsurance companies, insurance brokers, and representatives from regulatory agencies and banks attended the gala ceremony.

A total of 21 awards, which included 12 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.

In his comments, Mr Jérôme Droesch, CEO of AXA Gulf, said: “The prestigious Insurer of the Year recognition at MENA Insurance Awards 2012, for the third successive year, is indeed a great honour for AXA Gulf. This award stands testimony to our world-class standards in both product and service quality. I am thankful to our partners and shareholders in making this possible, and most importantly to our customers who reposed their faith in all of our range of  insurance products. Last but not the least, this is a recognition for each and every AXA employee in the region; and I thank everyone for making this happen. The top industry honour further reinforces our committed goal to become the preferred insurer for our customers and distributors.”

The winning of the Commercial Lines Insurer of the Year and the Marine Insurer of the Year provided a further boost to its market leadership and reputation in the region. The Marine Insurer Award was one of the new categories introduced in 2012. The Commercial Lines Insurer category recognized the company’s underwriting, knowledge, expertise, strategy and high quality product offerings, while the Marine Insurer category award acknowledged AXA leadership in specialized knowledge of the sector, market share and brand offerings.

Alexis de Beauregard, Chief Officer – Marketing and Retail Product Offering at AXA Gulf, said: “It is a matter of great privilege to be named the best in both Commercial Lines Insurer and Marine Insurer in the region. The awards are a huge endorsement of our world-class service and product offerings, which are truly unique in the regional insurance sector. 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. These awards motivate us to strive for excellence.”

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 through walk-in shops in malls in Bahrain and Oman. 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, and is definitely is planning not to stop there.


About AXA in the Gulf:

With a workforce of over 700 employees, 12 offices region-wide, more than 500,000 customers and a gross written premium of over $500m, AXA is the largest international non-life company in the GCC offering a wide range of insurance products and services for corporate and individual customers. AXA Gulf was awarded Insurer of the Year 2012 at the Gulf Insurance Awards & Policy’s Middle East Insurance Awards.

About the AXA Group:
AXA Group is a worldwide leader in insurance and asset management, with 216,000 employees serving 93 million clients. In 2010, IFRS revenues amounted to Euro 91 billion and IFRS underlying earnings to Euro 3.9 billion. AXA had Euro 1,104 billion in assets under management as of December 31, 2010. The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Shares are also quoted on the OTC QX platform under the ticker symbol AXAHY. The Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.

For additional information, please contact:

Alexis de Beauregard
+971 4 4453850
alexis.debeauregard@axa-gulf.com