The event is designed as an eye-opening and immersive experience in terms of business and digital transformation, thanks to meetings with successful companies, disruptive startups and inspiring guest speakers that can help AXA better understand the new trends impacting our consumers and our industry.
In order to pursue our acceleration and will to gain share in a key market like China, the Corporate Meeting took place in Shanghai from June 1st to June 4, with the objective of grasping the specific roots of Chinese innovation, deepen our knowledge of the Chinese digital ecosystem and draw key insights for AXA's forthcoming business.
AXA is the top international insurer in China
After more than twenty years of operating in China, the AXA Group has become the country's largest international life and property-casualty insurer. AXA's growth in China has seen a sharp rise since 2012, driven by partnerships with some of the country's leading industry players.
- In life insurance, AXA has partnered with ICBC - the world's biggest bank by market capitalization, with more than 300 million customers - since 2012. In 2014, sales by the ICBC-AXA joint venture grew by 28%.
- In P&C insurance, AXA's partner has been Tian Ping since 2014. The auto insurance specialist is licensed for direct insurance (insurance distribution with no intermediary) throughout China. The joint venture's goal is to grow this segment, generating 80% of premiums from direct insurance by 2020. In 2014, sales by AXA-TianPing climbed 19%.
- In asset management, AXA IM created a joint venture with SPDB (Shanghai Pudong Development Bank).
A strong relationship between China and France is important to AXA. In January 2014, AXA took part in celebrating the 50th anniversary of the establishment of French-Chinese diplomatic relations - welcoming 200 Chinese students from France's top universities to its Paris headquarters, among other events - and reaffirmed its ties with China.
Education initiatives have received AXA's support, as part of its corporate responsibility, for many years. AXA partners closely with several Chinese schools and universities, including:
- Tsinghua SEM (School of Economic Management), since 2000
- CEIBS (China Europe International Business School)
- Fudan University
AXA is also a founding member of the Young Leaders program by the France China Foundation, which aims to promote dialogue among high-potential Chinese and French leaders from various backgrounds.
Lastly, the AXA Research Fund finances several chairs in Hong Kong (€1.2 million to research climate change in Eastern Asia, for example) and continues to expand partnerships in mainland China.
Find out more about AXA in Asia: