AXA focuses on microinsurance projects that address social exclusion while being breakeven in the long term, by enabling vulnerable segments of the population to access insurance services. Current initiatives include the following:
AXA invests in certain microfinance projects for which it can provide its expertise as a leading financial protection group, contributing to the development of populations by combating financial exclusion. This also represents a first step towards microinsurance. Alongside these efforts, the Group is investing directly in various organizations specializing in solidarity finance. These include investments in the Global Commercial Microfinance Consortium, the International Finance Corporation, the Société d'Investissement France Active, the Association pour le Droit à l'Initiative Economique, Habitat et humanisme, as well as investments in social housing schemes in the USA.
In 2005, AXA joined forces with several international investors (Merrill Lynch, Storebrand, CNP Assurances, HP, Cisco, State Street Corporation) and national development agencies (Agence Française de Développement, UK Department for International Development, US Agency for International Development, etc.) to launch the Global Commercial Microfinance Consortium. This was a dedicated 75 million dollar investment fund for microfinance institutions in India, Pakistan, Peru, Kosovo, Mozambique and Nicaragua, providing loans to small-scale entrepreneurs and self-employed workers such as small storekeepers or farmers, drawing on grassroots networks of local people that have already been clearly identified in previous programs. In 2013, building on its first investment in Consortium I, AXA committed again to a $20M investment to support the broader Consortium II fund.