Asia is an important market for AXA

Jean-Louis Laurent Josi, regional chief executive officer of AXA Asia, has said that Asia is an important market for AXA globally, owning a 43% share of new life business in the region and contributing to 18% of earnings. Asia was one of the first geographies visited by Thomas Buberl, CEO of AXA Group, who replaced Henry de Castries who retired last month. Laurent Josi, a member of the AXA Group management committee said, “Asia is key focus for the group” and the aim is to create EUR900 million (US$992 million) profit by 2020 from Asia ex-Japan. This represents a 60% rise in five years as profits from Asia amounted to EUR550 million in 2015. The ambition is to exceed market growth by 4 to 5 percentage points each year to reach a 10-12% CAGR over the next five years.