AXA has acquired 100% of Genworth Lifestyle Protection Insurance (“Genworth LPI”). This transaction is a key milestone for AXA to become a European leader in credit and lifestyle protection, a business previously operated by AXA Creditor.
This acquisition does not impact your customer’s insurance; there is no change to the benefits or cost, or to the underwriters (Financial Insurance Company Limited and Financial Assurance Company Limited) and administrators of their insurance. As a result of the acquisition you will see us start to use the AXA name in our communications with you and your customers.
AXA Partners - Credit & Lifestyle Protection is a leading provider of Credit & Lifestyle Protection Insurance across Europe, Latin America and Asia Pacific.
We are part of the AXA Group, a worldwide leader in insurance and asset management, with 161,000 employees serving 103 million clients in 59 countries. In 2014, AXA’s IFRS revenues amounted to Euro 92.0 billion and underlying earnings to Euro 5.1 billion. AXA had Euro 1,277 billion in assets under management as of December 31, 2014.
Our insurance products are offered by financial services companies at the point where a consumer makes a financial commitment, for example through taking out a car loan or a credit card. These credit-linked products protect customers when they can’t meet repayments on specific financial commitments. We cover illness, accident, unemployment, disability and death.
Our portfolio also includes a range of standalone insurance propositions. Standalone offerings provide security in areas such as Income Protection, GAP (Guaranteed Asset Protection), Extended Warranty and Cancer Protection.
We offer a range of specialist and expert services to bring your insurance proposition to life. Services include product development, marketing solutions and an award-winning digital customer experience in the form of Web Claims. We offer a range of underwriting, co-insurance and reinsurance services and work with our business partners to design custom solutions for their unique risk management needs. We also provide third-party administrative services and administer non-risk premium with some relationships in Europe. Additionally, we manage structured portfolio transactions covering risks in Canada, Europe and Asia.
AXA Partners - Credit & Lifestyle Protection partners with more than 120 clients in 25 countries. We work with partners who want to grow, manage their risk and provide great service for their customers. We build our relationships and service delivery with dependable care and exceptional insight.
Our people are central to our success. We pride ourselves on providing an outstanding service to you and to your customers.