Axa protection and health up as overall earnings fall

The provider's protection sector performed strongly despite the contraction of the mortgage market with new business revenue up 15% (APE). It claims the launch of an on-line underwriting system for advisers in the summer was partly responsible for this increase. Meanwhile, the healthcare market enjoyed a more modest overall growth of 4%, although UK personal business fell 5% due to the recession. UK large corporate and small, medium enterprises (SME) revenues were up 2%, but the majority of healthcare growth came in international markets, particularly in the Middle East and Asia Pa...