Axa has committed to focusing on its SME employee benefits offering, international private medical insurance, and individual customers segments to achieve “above nominal GDP revenue” growth over the next two years.
The target forms part of the insurer’s strategic plan Unlock the Future, setting out key financial targets for 2024-2026.
The plan focuses on growing and strengthening Axa’s core businesses, with “continued disciplined” execution, and follows on from the insurer’s delivery of its plan Driving Progress 2023.
Touching on its health and employee benefits business, Axa said: “In employee benefits and individual health, the group has built a global franchise combining strong local market positions and international businesses, with distinct, proven, and scalable capabilities, including a global dataset, distribution, and comprehensive product offerings.”
“The group will target above nominal GDP revenue growth, focusing on growing its most profitable segments: employee benefits offering for SMEs, international private medical insurance, and individual customers,” the insurer said.
“The group will also continue to drive technical excellence by scaling its proprietary assets across pricing and claims management while accelerating its innovative service proposition.”