AXA bullish on Asian growth

François-Valéry Lecomte, AXA Asia chief financial officer, tells FinanceAsia how the French insurer plans to knock Germany’s Allianz out of top three slot among foreign life insurers in the region by 2015.

French insurer AXA is on track to double its 2011 sales in Asia by 2015 without sacrificing margins, according to a senior executive in the region, and it is all down to picking the right partner.

Earlier this year AXA leapfrogged Hong Kong-based AIG to become the top foreign general insurer in the region by market share of gross written premiums.  

Now AXA is targeting a top three slot in Asian life insurance by 2015. This would be a move up from its current position as number four in terms of annual premium equivalent, behind AIA, the UK's Prudential and Germany’s Allianz.

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