AXA BRAIN Library
A good CEO is not a micromanager but a 'Chief Excitement Officer' or 'Engagement Officer'
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AXA fundamentals
people ▸ | leading figures ▸ Claude Bébéar Henri de Castrie Thomas Buberl | management committee ▸ George Stansfield Guillaume Borie Patrick Cohen see all ▸ | partners group ▸ Etienne Bouas Laurent Renaud Guidée Tara Foley see all ▸ |
regions ▸ | europe ▸ France Germany Switzerland Luxembourg Italy Spain UK Ireland Turkey | axa xl ▸ XL Bermuda XL Reinsurance XL America see all ▸ | asia ▸ Japan Hong Kong China Indonesia Thailand Philippines South Korea | latin america ▸ Brazil Colombia Mexico | transversals ▸ AXA Partners AXA GO |
Insurance fundamentals
fundamentals ▸ | risk basics ▸ Frequency vs severity Hazard, exposure, peril, loss Correlation and aggregation | how insurance works ▸ Pooling and risk transfer Indemnity vs benefits Premium now, claims later | incentives & frictions ▸ Adverse selection Moral hazard Information asymmetry | industry structure ▸ Insurers, mutuals, captives Brokers, MGAs, TPAs Reinsurers and retro | policy essentials ▸ Insurable interest, good faith Coverage, exclusions, conditions Limits and deductibles | core metrics ▸ Loss/expense/combined ratio Persistency and lapse Acquisition economics | time value ▸ Discounting Trend and social inflation Duration risk | cat & systemic ▸ Nat cat accumulation Pandemic risk Cyber contagion | role & trust ▸ Protection and resilience Fairness and inclusion Conduct and transparency |
products ▸ | life ▸ Term, whole, UL Mortality and lapse Riders | health ▸ Medical vs income protection Group vs individual Utilization levers | annuities ▸ Immediate vs deferred Guarantees Longevity risk | group benefits ▸ Plan design Experience rating Renewals | personal lines ▸ Motor and home Rating factors Claims inflation | commercial lines ▸ Property and liability Limits and towers Risk engineering | specialty ▸ Marine/aviation/energy Financial lines Parametric | u/w governance ▸ Appetite and authority Quote to bind Portfolio steering | lifecycle ▸ Design and pricing Wording and filings Monitoring and remediation | policy admin ▸ Issuance and endorsements Billing Retention |
distribution & ops ▸ | channels ▸ Agent/broker/bank Direct and digital Embedded and partners | sales & advice ▸ Needs and suitability Tools and disclosures Conversion levers | intermediary econ ▸ Commissions and clawbacks Conflicts control Delegated authority | onboarding ▸ KYC/AML basics Fraud screening Consent and privacy | u/w ops ▸ STP vs manual Evidence management QA and audits | claims ops ▸ FNOL and triage Settlement and leakage Litigation and recovery | fraud mgmt ▸ Detection and SIU Provider fraud Recoveries | service model ▸ Shared services Outsourcing risk SLAs and outcomes | tech & data ▸ PAS/claims/billing CRM and omni-channel Platforms and APIs | productivity ▸ Cost-to-serve Automation Ops KPIs |
finance & actuarial ▸ | pricing ▸ Expected loss and margin Credibility Price adequacy | reserving ▸ Case vs IBNR Triangles and diagnostics Reserve risk | life liabilities ▸ Assumptions and margins Options and behavior New business strain | reinsurance ▸ Proportional vs non-prop Retentions and limits Credit and collateral | alm ▸ Portfolio basics Duration and liquidity Credit risk | performance ▸ Underwriting result Operating vs net income Key ratios | accounting ▸ IFRS 17 IFRS 9 Statutory bases | solvency ▸ Available vs required Economic capital Stress tests | steering ▸ Growth vs value Re-pricing actions Scenario planning | model gov ▸ Assumption control Validation Data governance |
regulation & gov ▸ | purpose ▸ Protection Stability Integrity | prudential ▸ Solvency II / RBC ORSA Supervisory reporting | conduct ▸ Product governance Claims standards Fair value | supervision ▸ Entity structures Intra-group flows Recovery and resolution | gov model ▸ Board oversight Three lines Internal audit | compliance ▸ AML/CTF Sanctions Third-party risk | tax ▸ Premium taxes Deferred tax Cross-border issues | esg ▸ Underwriting and investment Disclosures Transition risk | resilience ▸ Cyber security Operational resilience Data privacy | emerging ▸ Cyber and systemic Insurtech and embedded Alternative capital |
Competitors
europe ▸ | france ▸ Crédit Agricole Assurances CNP Assurances Groupama Crédit Mutuel Alliance Fédérale (GACM) BNP Paribas Cardif | germany ▸ Allianz Munich Re (ERGO Group) Talanx (HDI) R+V Versicherung Generali Deutschland | switzerland ▸ Schweizerische Mobiliar Zürich Versicherung (Zurich) Allianz Suisse Helvetia Bâloise (Basler) | luxembourg ▸ Foyer Assurances LALUX (La Luxembourgeoise) Bâloise Assurances Luxembourg Allianz AIG | italy ▸ Generali Intesa Sanpaolo Vita Poste Vita Allianz Unipol | spain ▸ MAPFRE VidaCaixa (CaixaBank Group) Mutua Madrileña Allianz Seguros Grupo Catalana Occidente (GCO) | uk ▸ Aviva Legal & General Prudential Zurich Insurance UK Allianz Insurance | ireland ▸ Irish Life Group Zurich Insurance plc (Ireland) Aviva Life & Pensions Ireland New Ireland Assurance Royal London Ireland | turkey ▸ Türkiye Sigorta Allianz Sigorta Anadolu Sigorta Sompo Sigorta Aksigorta |
reinsurance & bermuda ▸ | bermuda market ▸ AXA XL XL Bermuda Everest Re RenaissanceRe Arch Capital (Arch Re) PartnerRe Aspen | global re ▸ XL Reinsurance Munich Re Swiss Re Hannover Re Berkshire Hathaway (reinsurance) SCOR |
north america ▸ | united states ▸ XL America Travelers Chubb Liberty Mutual Berkshire Hathaway Zurich |
asia ▸ | japan ▸ Nippon Life Dai-ichi Life Tokio Marine Sompo MS&AD (Mitsui Sumitomo) | hong kong ▸ HSBC Life (International) AIA International Prudential (HK) Life BOC Life Manulife (International) | china ▸ China Life Ping An PICC (People’s Insurance Company of China) CPIC (China Pacific Insurance) New China Life | indonesia ▸ Prudential Indonesia AIA Financial Manulife Indonesia Allianz Life Indonesia Sun Life Indonesia | thailand ▸ AIA Thailand FWD Life Thailand Thai Life Insurance Muang Thai Life Assurance Allianz Ayudhya | philippines ▸ Sun Life Pru Life U.K. Manulife AIA Philippines FWD | south korea ▸ Samsung Fire & Marine Hyundai Marine & Fire DB Insurance Meritz Fire & Marine KB Insurance |
latin america ▸ | brazil ▸ BrasilSeg Bradesco Seguros SulAmérica Porto Seguro Caixa Seguridade | colombia ▸ Grupo Sura Seguros Alfa Seguros Bolívar Allianz MAPFRE | mexico ▸ GNP Seguros MetLife México BBVA Seguros Banorte Seguros Quálitas |