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News
Insurance View - Regulatory consequences of Financial crisis
"Stakeholders reacting to the financial crisis need to take into account that the business model of the insurance industry differs substantially from that of the other financial services providers" said Henri de Castries, Pan European Insurance Forum (PEIF) Chairman.
In the light of the crisis, PEIF Members also underline the absolute necessity of a swift adoption of Solvency 2.
PEIF is a group of major European insurance companies' CEOs.
To learn more, please click here.
Latest Press Releases
05/07/2009 - 1Q 2009 Activity Indicators
Resilient revenues
Total revenues were down 2% to €27,598 million. On a comparable basis, revenues were down 5%:
- Life & Savings down 7% to €16,453 million
- Property & Casualty up 1% to €9,113 million
- Asset Management down 34% to €762 million
Positive insurance net inflows
- Life & Savings: € +3.3 billion
- P&C: +296,0001 net new personal contracts
- Asset Management: €-17.4 billion
Enhanced Solvency2
March 31, 2009 Solvency I ratio slightly above 2008 year-end level of 127%
1 Motor and household personal contracts
2 This estimate has not been reviewed or approved by AXA's French insurance supervisor « Autorité de Contrôle des Assurances et des Mutuelles »
Agenda
| 08/05 | Half Year 2009 earnings release |
| 10/29 | First Nine Months 2009 Activity Indicators release |
