AXA Asia Life Regional Centre

AXA Asia Life and Wealth Management

Asia is regarded as having the greatest growth potential in the AXA Group and its contribution to overall revenue is expected to grow significantly.

Based in Hong Kong, the AXA Asia Life Regional Centre is responsible for supporting the Group's existing operations in Hong Kong, China and South East Asia, propelling its perpetual growth, and looking for new markets and business development opportunities for AXA in Asia.

Our Vision
To be a leader in Financial Protection and Wealth Management.

Our Strategy

• Deliver market leading products and services aligned to our customer needs
• Enable our distributors to be the best in the market and help them reach their goals
• Achieve a top 5 position in each of our markets by the time they enter the growth phase
• Be at the forefront in each market as it moves to financial planning
• Drive profitable growth through using a single business model across our Asian operations

• Established in 1999, our China joint venture, AXA-Minmetals Assurance Co (in which we have a 25% economic interest) is the fourth largest foreign life insurer in the Shanghai market in terms of premium income.
• AXA-Minmetals' head office is in Shanghai, with a branch in Guangzhou and a new branch in Beijing. As of 31 December 2004, it has almost 2,000 agents, 300 employees, A$75 million funds under management and A$30 million total premium income.

• AXA China Region, was formed after the acquisition of Sentry Assurance International Ltd. by National Mutual in 1986, has been a leading insurer in Hong Kong and Macau for over 18 years. AXA China Region is a wholly-owned subsidiary, and is one of the largest life insurers in Hong Kong, ranking in the top 6 for new business and top 3 for in-force business.
• As of 31 December 2004, the business has A$7.6 billion funds under management, total premium income of A$1.5 billion, over 2,100 agents, 300 advisers and 500 employees.

• We have two operations in Indonesia. PT AXA Life Indonesia, our joint venture with Tempo Group (in which we have an 80% economic interest), was established in 1993, and PT AXA Mandiri Financial Services, a joint venture with Bank Mandiri, Indonesia's largest bank (in which we have a 51% economic interest) was established in 2003. These operations ranked, in total, third in terms of new business.
• As of 31 December 2004, we have in total close to 800 agents, 600 financial consultants and 300 employees, A$140 million funds under management and A$100 million total premium income.

• Established in 1999, Philippine AXA Life, our joint venture (in which we have a 45% economic interest) with the Philippines’ largest conglomerate, Metrobank Group, is ranked fourth for new business.
• As of 31 December 2004, we have around 600 agents, 350 financial consultants and 250 employees, with A$230 million funds under management and A$100 million total premium income.

• Acquired in 1995, AXA Life Singapore is a wholly-owned subsidiary, and is one of the largest life insurers in Singapore, ranked in the top 10 in new business.
• As of 31 December 2004, we have almost 250 agents and advisers, 100 employees, A$870 million funds under management and total premium income of A$175 million.

• Established in 1997, Krungthai AXA Life, our joint venture (in which we have a 50% economic interest) with Thailand's largest bank, Krung Thai Bank, is ranked in the top 9 for new business.
• As of 31 December 2004, we have around 2,000 agents, 150 financial consultants and 200 employees, with A$75 million funds under management and total premium income of A$50 million.

• ipac was founded in 1983, and has since been dedicated to helping clients achieve their lifestyle goals through well-researched advice and effective implementation. In 2002, ipac became a member of AXA Asia.
• In 2003, ipac launched its financial planning practice in Singapore and Hong Kong, with licensed financial advisers who are well recognised in the industry.

• ipac Dublin has been managing funds since 1999, which are distributed through a network of financial planning companies in South Africa and Asia. With over A$200 million funds under management, the funds are positioned as the investment solution for the ipac model in Asia.

• Individual Life
  Savings and Protection Plan, Investment-linked Plan, Term Life, Major Illness, Female Insurance, Healthcare, Children's Education Fund, Accident Protection, Disability Income, Retirement Income
• General Insurance
  Personal Accident, Travel, Automobile, Household Contents, Domestic Helper
• Group Life and Medical
  Life, Healthcare, Disability Income
• Investment Services
  Multi-manager Funds, Capital Protection Funds, Equity Funds, Fixed Income Funds

• Agency
• AXA Advisers
• Brokers
• Bancassurance
• Group