Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

AXA Add to portfolio

STX:CS, Jun 05, 04:55 UTC

Latest STX:CS News

Filter your feed

Apply Filter

Monday, June 01


News

AXA UK to Use Verisk's Live Video App for Commercial Property Claims

CS VRSK

LONDON, June 1, 2020 /PRNewswire/ -- AXA UK is broadening its use of live video to settle commercial property claims, as the insurer renews its contract with software provider Verisk. They can evaluate the damage immediately and offer a cash settlement. If the policyholder agrees to the amount, the money can reach their bank account within two hours, thanks to a separate payment arrangement. This will provide a rich source of data that AXA's claims analytics team can use to drive better decision making, thus improving efficiency and customer outcomes. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields.

Read Full Details

Topics:
  • Business
  • Financial
  • Science

Wednesday, May 27


News

AXA XL to launch first-of-its-kind Construction Ecosystem to provide contractors in-depth insight of jobsite & operational risks

CS

NEW YORK, May 27, 2020 /PRNewswire/ -- AXA XL's North AmericaConstruction insurance business will launch the first-of-its-kind Construction Ecosystem, an integrated digital platform, employing innovative construction technologies to monitor and aggregate data that provides AXA XL's contractor clients with unique insights and benchmarks to help manage risks on their jobsites and across their organizations. Starting in June, a number of current customers will have exclusive access to the Construction Ecosystem and have signed on to utilize and provide initial feedback on the platform. According to Gary Kaplan, president of AXA XL's North AmericaConstruction business, "The construction industry may have a reputation of being slow to adapt to technology, but that's about to change. In creating the Construction Ecosystem, we have pulled together curated technologies that we believe will have potentially significant risk-reducing impact for the investment and to help our clients more effectively protect their people, projects and profitability so they can successfully build and rebuild North America."

Read Full Details

Topics:
  • Business
  • Financial
  • Science

Friday, May 22


News

Insurer AXA must pay restaurant's COVID-19 losses, French court rules

CS

Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. Stephane Manigold, president of restaurants consortium Eclore looks on as he poses for a picture at ''Le Bistrot d?a cote Flaubert'' restaurant, amid the coronavirus disease (COVID-19) outbreak, in Paris, France, May 22, 2020. PARIS (Reuters) - A Paris court ruled that insurer AXA (AXAF.PA) must pay a restaurant owner two months' worth of coronavirus-related revenue losses, the restaurateur's lawyer said on Friday, potentially opening the door to a wave of similar litigation. He filed a lawsuit demanding AXA cover his operating losses after a government order in mid-March to close bars and restaurants to slow the spread of the coronavirus. When he learned of Friday's verdict at his office, Manigold high-fived a colleague and his supporters applauded.

Read Full Details

Topics:
  • Business
  • Health
  • Financial
  • US
News

Insurer AXA must pay restaurant's COVID-19 losses, French court rules

CS

Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. Stephane Manigold, president of restaurants consortium Eclore looks on as he poses for a picture at ''Le Bistrot d?a cote Flaubert'' restaurant, amid the coronavirus disease (COVID-19) outbreak, in Paris, France, May 22, 2020. PARIS (Reuters) - A Paris court ruled that insurer AXA (AXAF.PA) must pay a restaurant owner two months' worth of coronavirus-related revenue losses, the restaurateur's lawyer said on Friday, potentially opening the door to a wave of similar litigation. He filed a lawsuit demanding AXA cover his operating losses after a government order in mid-March to close bars and restaurants to slow the spread of the coronavirus. When he learned of Friday's verdict at his office, Manigold high-fived a colleague and his supporters applauded.

Read Full Details

Topics:
  • Business
  • Financial
  • Health

Thursday, May 21


News

AXA XL Announces Global Admitted Commercial Umbrella Program, Multipass™

CS

NEW YORK, May 21, 2020 /PRNewswire/ -- To help U.S. domiciled multinational businesses efficiently address their tax/compliance regulations and contractual obligations, AXA XL's Global Risk Management (GRM) and the North America Excess Casualty business units have teamed up to offer Multipass™, a new product which combines an international controlled master program with an umbrella liability policy to create a global admitted commercial umbrella program. "This combined product offering will enhance efficiencies for multinational clients, streamlining administrative operations and ensuring compliance with local jurisdictional requirements," said Nicoletta George, Senior Product Line Manager for AXA XL's North America Excess Casualty. "Simply evidencing available capacity under a U.S. umbrella policy is no longer an acceptable solution for some of our global clients. By leveraging local expertise and the comprehensive resources at AXA XL, we are now able to provide a truly global solution for the client." With a broad product offering and appetite, AXA XL's Excess Casualty business unit provides Umbrella, Excess Liability and Rail coverage to North American based clients via multiple access points – Bermuda, Ireland and North America from upper middle market to global multinationals with a maximum capacity of $50M.

Read Full Details

Topics:
  • Business
  • Financial

Friday, May 15


News

Accor And AXA Launch A Strategic Partnership To Offer Unique Medical Assistance In Hotels Worldwide

AC CS

This will allow hotels to make the most relevant referrals (eg language, speciality, etc..) to their guests in the 110 destinations where Accor is present.As Accor prepares for the post-COVID-19 rebound, this unique medical service complements its overall global recovery plan and is included in the enhanced health and prevention protocols that Accor has put in place notably through its ALLSAFE Cleanliness label in anticipation of the progressive reopening of its hotels across the different regions. For AXA, this partnership is a unique occasion to strengthen its payer to partner strategy, which aims to provide innovative services to its customers, notably in health, one of its areas of growth in its Ambition 2020 plan. This distinctive partnership with AXA which we have been working on for several months makes even more sense in today's context. In an increasingly complex environment, our 300.000 team members on the ground will be able to assist our guests and ensure their safety during their stays, turning our hotels into shelters. Partnering with Accor, a worldwide leader in hospitality, is a unique opportunity to enlarge people's access to our healthcare expertise and solutions. As we are facing an unprecedented health crisis with COVID-19, this ambition has never been more relevant, said Thomas Buberl, CEO of AXA.

Read Full Details

Topics:
  • Business
  • Health
  • Financial
News

What will drive the Axa Sa share price higher?

CS

Shares in Axa Sa (EPA:CS) are currently trading at 15.204 but a key question for investors is how the economic uncertainty caused by Coronavirus will affect the price. One way of making that assessment is to examine where its strengths lie... Axa Sa is a player in the Insurance sector and its share price has moved by -40.4% over the past three months. In volatile markets, many investors are keen to buy what they think are cheap stocks - but it's essential to recognise the difference between a genuine bargain and a value trap. A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Axa Sa is currently 16.8%.In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, May 14


News

Geneva Association Women in Insurance Award Presented to AXA's Garance Wattez-Richard for Inclusive Insurance Initiatives That Protect Underserved Populations

CS

Geneva Association Women in Insurance Award Presented to AXA's Garance Wattez-Richard for Inclusive Insurance Initiatives That Protect Underserved Populations. Charles Brindamour, Geneva Association Chairman and CEO of Intact Financial, said: "I would like to extend my congratulations to Garance Wattez-Richard on this award which recognizes her important contributions to protecting vulnerable segments of society. Ms Wattez-Richard's work speaks directly to The Geneva Association's mission to highlight the contributions of insurance to societal resilience and prosperity." Garance Wattez-Richard commented: "The Geneva Association Women in Insurance Award is precious recognition of the work my team and I have been doing to push the borders of insurability and make protection relevant and accessible to more segments of the world's population. This work, sadly, will only be more needed as the COVID-19 crisis hits all countries, emerging and developed, extremely hard." The selection committee for the 2020 Geneva Association Women in Insurance Award was comprised of Mr Brian Duperreault, CEO of AIG, Dame Inga Beale, former CEO of Lloyd's of London, and Ms Lucie Martel, Human Resources Director of Intact Financial.

Read Full Details

Topics:
  • Business
  • Financial
  • Science

Monday, May 11


News

AXA XL rolls out Technology Adoption Maturity Index (TAMI), a tech benchmarking service for construction clients

CS

AXA XL rolls out Technology Adoption Maturity Index (TAMI), a tech benchmarking service for construction clients. PR Newswire{{monthName}} {{day}}, {{year}}, {{hour12}}:{{minuteTwoDigit}} {{dayPeriod}}. NEW YORK, May 11, 2020 /PRNewswire/ -- AXA XL's North AmericaConstruction team is rolling out the Technology Adoption Maturity Index (TAMI), a benchmarking service to help contractors measure their tech usage against their industry peers and determine optimal investment in new construction technologies. According to Gary Kaplan, president of AXA XL's North America Construction business, "From artificial intelligence to drones to wearables, the number of new technologies flooding the construction market is overwhelming. From our perspective, adoption of new tech has great potential in helping contractors manage risks throughout their operations. The challenge, of course, is having the time and money to find the technology that brings the most value to their business. We think TAMI is a productive first step." "Contractors have not always been known to be early adopters of technology but that's changing. Interest in new technology, especially to reduce risks and boost productivity, is picking up throughout the industry," said Rose Hall, Construction's Strategic Operations Manager. "With so many options to choose from, we hope we can be a resource for our contractors on their journey toward adopting these valuable emerging technologies. We designed the TAMI assessment to provide our clients with a baseline that gives them a clear picture of how tech savvy they are compared to others in the industry, and to help them identify areas where additional technological solutions could add the most value to their operations and risk management efforts." Hall continued, "We hope the TAMI assessment encourages contractors to embrace more technology, thereby raising their TAMI score year over year. We can further support this effort with our Tech Library for guidance and introductions to a host of curated, risk-reducing technology solutions, so they can find and integrate the solutions that best meet their needs." Using the proprietary TAMI tool, AXA XL's Construction risk engineers evaluate and score contractors on their technology use in five key areas:. Auto & Equipment including telematics, cameras, electronic driver records, equipment and fleet management solutions, and real-time driver assist tools. Enterprise Software such as solutions for accounting/ERP, AI document review, Building Information Modeling (BIM), customer relationship management, project management, scheduling, subcontractor prequalification, and others. On-site Operations including environmental monitoring, wearables, safety management, water damage mitigation, quality management, weather forecasting and analysis, robotics, telemedicine, and others. Imagery including advanced drone use, laser reality capture, laser survey and layout, photogrammetry and computer vision. Extended Reality including augmented reality, digital twin, mixed reality, and virtual reality for collaboration and/or training. Additionally, AXA XL's contractor clients are scored on overall Implementation Measurement to gauge their level of commitment to technology investment, innovation, and the resources required to maximize the effectiveness of the technologies they've adopted. As the industry adoption continues to advance, customers are encouraged to repeat the TAMI each year to continuously assess their progress on their technology adoption journey against contemporaneous standards. AXA XL's North AmericaConstruction insurance business includes dedicated construction underwriters providing primary and excess casualty, professional liability, builders risk, wrap ups, subcontractor default, and pollution insurance, accompanied by risk engineering services to help clients' loss prevention and safety efforts and construction claims expertise. Follow AXA XL on Twitter and on LinkedIn. ABOUT AXA XL. AXA XL, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com. ABOUT AXA XL INSURANCE. AXA XL Insurance offers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com. View original content to download multimedia:http://www.prnewswire.com/news-releases/axa-xl-rolls-out-technology-adoption-maturity-index-tami-a-tech-benchmarking-service-for-construction-clients-301056625.html.

Read Full Details

Topics:
  • Business
  • Science

Wednesday, May 06


News

AXA upgrades "Mind Health" programme for its corporate customers with digital wellness tools and exclusive partnerships to provide mental health support under the pandemic

CS

In addition to supporting the employees of our corporate customers, this programme also helps to enhance the work efficiency of the participating companies to achieve a win-win," said Dr Koh Yi Mien, Managing Director of Health and Employee Benefits of AXA Hong Kong and Macau. As one of AXA's corporate customers, Deloitte Hong Kong - a global professional services network, joined the "Mind Health" Programme. They believe that their employees can attain the best state of physical and mental health and work effectively, through leveraging the array of services in this comprehensive employee benefit programme. Besides, AXA Hong Kong arranges mental health Lunch and Learn sessions and invites a variety of experts to conduct talks and share real-life cases around mental wellbeing. AXA Mind Health users can access the exclusive AXA Mind Health Network which provides fast-track "priority" access and preferential rates to a comprehensive range of personalised treatments and support packages delivered by experienced mental health specialists.

Read Full Details

Topics:
  • Business
  • Health
  • Financial