The world of actuary has entered a new phase in digital innovation and leading this transformation journey is the insurance company that is serving 107 million clients in 64 countries. The worldwide leader in insurance and asset management, the AXA Group has always been at the forefront of industry innovation and recently they established shared service centers in Asia to help fulfil the company’s future-ready business strategy in the region.
AXA launched the first of the two shared service hub in Manila which was attended by its top brass from the Head Office and Asia’s counterpart. Another hub is soon to be launched in Kuala Lumpur, Malaysia.
In the field of Sustainable Insurance, what are the five benefits that this shared services hubs will have to the clients of AXA Group and its commitment to the Asian region?
The AXA Group’s Shared Services Centre serves as a testament to their long-term commitment towards investing in the region. It will enable business transformation and innovation by leveraging on technology in Asia.
The Shared Services Centre will be the central hubs of actuarial expertise that will serve as centers of excellence in technical subjects including and not limited to actuarial product pricing and valuation; providing guidance to the Asia entities on improvements to processes and methodologies.
The establishment of the Shared Services Centre aims to create up to 300 jobs in Manila. The jobs that will be generated by the center will bring not just employment and career growth to the Filipino workforce but also aim to contribute to the thriving business process outsourcing landscape in the country.
The Shared Services Centre will help boost the domestic economy and take part even more ardently in nation-building.
The Shared Services Centre aims to reach out to more customers and be able to empower them to live the life they choose.
Being the no.1 global insurance brand for nine years now, AXA hopes to concentrate more through their three core business activities which is the Property and Casualty Insurance; Protection and Health; and Savings and Asset Management and continue to serve its customer better.