€ 98.5bn Approximate revenue
Year founded
The approximate number of AXA employees
AXA
AXA GROUP
€ 98.5bn Approximate revenue
1982
Year founded
114
166,000
The approximate number of AXA employees
significantly disrupt the insurance sector , and the insurance value chain ,” he predicts . “ Cloud technologies and Insuretech partners will look at different parts of the value chain and come up with innovative ideas about how they can accelerate a certain process – such as claim notification or risk modelling .”
Across the finance and insurance spheres , the rise of technology leaves many more traditional organi- sations , such as AXA , concerned about the rise of fintech and insurtech startups – but Shah believes these shouldn ’ t be perceived as a threat . “ Parts of our value chain will continue to be disrupted by cloud partners , innovators or insurtech companies who will come in with solutions and ideas which don ’ t have the resistance to change that larger organisations have to deal with ,” he comments .
MARCH 2019