AXA has announced changes to its organisational structure within its life and general insurance companies which it says will give both businesses a sharper market focus and closer alignment to customer needs.
The restructuring in AXA Life and AXA Insurance will see the establishment of a number of separate market-focused business units, each of which will have its own business leader with direct accountability for profitability. The new developments are part of the provider’s 2012 ambition of become a market leader in each of its chosen markets. The new way of operating will be introduced on 1 January 2007 and will be fully implemented over a phased period of approximately 12. Peter Hubbard, chief executive at AXA Insurance, says: “Our ambition is to be a market leader in our chosen markets...
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