AXA announced today that they have entered into an exclusive postassurance partnership with Singapore Post Limited (SingPost) to sell life insurance products via its retail network in Singapore starting in January 2015.
Under the terms of this distribution agreement, AXA will have the exclusive right to market, promote, sell and distribute life insurance products through all of SingPost’s retail channels.
Chief Executive Officer of AXA Life Singapore, Mr Glenn Williams, says “We are extremely pleased with the opportunity to work with SingPost. AXA is the No. 1 Global Insurance Brand and a partnership with a trusted household brand like SingPost will allow us to reach out to more people in Singapore. Our purpose is to bring our worldwide insurance and risk expertise, and provide outstanding insurance protection solutions to more people by leveraging on SingPost’s distribution capabilities, on top of our existing distribution channels.”
About AXA in Singapore
With presence as early as 1969, AXA operates Life Insurance and General Insurance entities in Singapore, offering a wide range of products, catering to the needs of individuals and companies.
AXA is the 2nd largest general insurer in Singapore and in the general insurance sector; it ranks No. 1 in Health, No. 2 in Marine Cargo and No. 3 in motor insurance.
About AXA Asia
AXA Asia is committed to become a preferred company in financial protection and wealth management. AXA Asia is part of the AXA Group, and has grown rapidly in Asia with a presence in China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore and Thailand. AXA Asia serves over 6.4 million customers and employs over 7000 employees across the region at the end of 2012.
ABOUT THE AXA GROUP
The AXA Group is a worldwide leader in insurance and asset management, with 160,000 employees serving 102 million clients. In 2012, IFRS revenues amounted to Euro 90.1 billion and IFRS underlying earnings to Euro 3.9 billion. AXA had Euro 1,065 billion in assets under management as of December 31, 2012.
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Shares are also quoted on the OTC QX platform under the ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD, and is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance.
FOR MEDIA ENQUIRIES, PLEASE CONTACT:
Asia PR Werkz
Tel: +65 6536 6881
86A Amoy Street
Ms Cho Pei Lin
HP: +65 9684 2563
Ms Sheryl Koh
HP: +65 9151 5328