[Gimmingyeong financial newspaper reporter Korea] to simsangchan rebound of AXA Insurance. This year AXA Insurance has ridden out in the past three years in the swamp of deficits has achieved its first surplus. This is thanks to auto insurance loss ratio that was the main culprit of the profit structure deteriorated somewhat stabilized.
AXA Insurance will last one day be pro Majorca ago replaced by AXA Global Direct Treasurer General (CFO) and spur general, long-term market plans in the 'gongsin' Francois Le kkongdeu president and head by pulling the surplus management this year to be. In recent years, reportedly they're trying to become a comprehensive non-life insurers, such as receiving an investment of 25 billion won from the group writing the force in general, long-term portfolio diversification.
◇ auto loss ratio improved wind
A zero-sum game insurers entered the car insurance market this year, the band was brisk. I'm a successful braking ratio was rising steeply last year to the subsequent premium increases. According to a recent insurance industry in February the average loss ratio of the primary insurers 10 companies selling auto insurance was motivated falling 8.3% p compared to 88.3% last year to 80.0%.
Meritz recorded the largest year gaeseonpok plunged 14.7% p YoY to 74.3%. This only showed that the majority of the loss ratio, including 73.9% of Dongbu Insurance and Samsung Fire 75.3%, KB Insurance 76.4%, Hanwha General Insurance 76.7%, 77.9% Hyundai life insurers improved significantly. The center attracts professional car insurance insurers AXA Insurance in the eye Reap solid performance. AXA Insurance is recorded, but the loss ratio of 90.2% last year was improved about 12.7% p year off to 77.5%. AXA Insurance has embraced the infamy of a loss ratio of 97.7% recorded in 2015 in the automobile insurance market, the industry's largest ratio.
However, thanks to the 'good news', such as subsequent premium increases and financial authorities to car repair and rental practices improved, reduced accident rates have improved significantly thanks to the weather two seconds ratio this year. AXA Insurance is striving to risk management that provides a discount over the rider while some products over the years raise awareness of insurance loss ratio in several screening loyal customers.
Meanwhile, a year loss ratio improved significantly AXA Insurance were slightly lower auto insurance premiums norimyeo market share. From contract initiation 3 May responsibility is carried out by the vehicle, such as mortgage collateral 9.1% discount adjustments. AXA Direct said, "The average premium reduction rate is 1%, but car insurance of approximately 74% since the and have physical collateral joined the deviation mortgage down to the 64% share of the total premium premium cut haptic is greater that "he said.
◇ 'left when Park Suchil' president François Le kkongdeu
Le kkongdeu President drew the attention of the industry at a glance early 40s at the time appointed CEO in 2015. What naesewo the younger sense of communication and flexibility of the leadership conveyed to the people as possible, including the PR to appeal strongly to the headquarters of benefits and performance of corporate Korea.
François Le kkongdeu president was responsible for various M & A and capital markets transactions in the industry, London, IB and former Citigroup. He joined the AXA Group, headquartered in Paris in 2004 until 2009, he conducted a global M & A corporate finance business.
South Korea top of the insurance industry, 2007 Then, leading direct insurer in the acquisition of "Kyobo Auto Insurance 'didyeotda the first to the Korea market. According to the insurance industry Le kkongdeu elected president of Korea Governor of AXA Insurance is the price of one evaluation "reliever" that starts on Korea Corporation recorded a deficit for two consecutive years. Le kkongdeu president from 2010 to last led the direct insurers AXA Belgium until 2011. After 2015, served as CFO of AXA Asia Life, regional general manager for non-life insurance business in Hong Kong.
Le kkongdeu president "should promote innovates through innovative and creative thinking cost efficiency," inaugurated the first year "should pursue the same objective and systematic, and more will be required performance of a high level for profitability," he said he said.
The following year appointed under this management trend first half was three stable operation in the mid-80% of auto insurance loss ratio has recorded a net profit of 36 billion won eight times more than the same period last year.
Based on these results Le kkongdeu President succeeded to elicit an investment of 25 billion won from the last group. AXA Group has announced plans to increase the investment in the future, considering the degree to which the operations of AXA Insurance enlarged. There is profitability, quality indicators of AXA Insurance is improving is analyzed that this opened the wallet D investment group.
François Le kkongdeu president of South Korea recently left the firm. Industry insiders, "Le kkongdeu president did not want a long stay in the domestic entity" and "group seems I conclude my mergers and acquisitions and restructuring professional store recently AGD has promoted a new project schedule of AXA Belgium ahead As moves are due "I predicted.
1 The term of office ends in le Francois kkongdeu president will oversee a new project to promote the move to the retail business in Belgium AXA Executive Officer of AXA Belgium, including sales and compensation.
François Le vaginal pro Majorca new CEO took office as successor kkongdeu President has served for the past four years about the Chief Financial Officer (CFO) and Corporate Planning Division in Korea AXA Insurance in 2012. In particular, reportedly at the mercy of the current general manager AXA Global Direct that gained high confidence of the president Berry.
Mazu quality professional representatives, particularly Spain and Portugal in the last eight years and served as an officer (CFO) Financial Officer in various companies within the AXA Global Direct, including South Korea, founded the firm in financial management processes AXA Group. Accordingly, it is evaluated that contribute to establishing a long-term strategy of direct insurance for the group.
◇ If AXA Insurance Yen has grown 'woman power'
There are counted along with the protagonist François Le kkongdeu President geodun term in solid earnings rise to 'hidden gongsin. Just women of AXA Insurance.
AXA Insurance is the percentage of women in non-life insurance industry known as department head at the highest company. AXA Insurance officials said, "The whole of the department head about 30% of women, and meticulous work style assessment that a significant contribution to the company's development." The representative character of the river Accounts Sales Director from Hyundai. River Division accounts are joined AXA Insurance (at the time Kyobo Auto Insurance) after retirement Hyundai in marriage.
River Account Director will work through the chapter Team car △ start work teams deputy, △ Direct 8 Center since the incident, △ Operations Planning Team, etc. was promoted to general manager after a former bubonbujang operation since last year. River Account Director will leave the gender differential in education and provide AXA Insurance of the environment, equal opportunity does not put constraints are cited as an important factor to promote officers.
However, he added that "there is no individual skills or career, such specialization could not have come up in this place," he deotbutyimyeo competitive career is important to you. The fact that the river Accounts Director "We are grateful for the opportunity to break the gender of the glass ceiling gave the company" and "priority assessment of staff competence, not born, gender and part of an organization where everyone can have a chance has an infinite pride, "he said.
Immingyeong pateujang which spearheaded public relations team is also responsible for one of the axes 'woman power'. Immingyeong pateujang Ergo is a simultaneous interpreter enters the following direct and built a relationship with the first insurance. After being merged as the Ergo and musicians dedicated to internal communications and community outreach activities, media relations at AXA Insurance. Immingyeong pateujang said that the one of competence and cultural development of live musicians height of the potential damage insurance is not "the ability and willingness to be and what will be will be, if anything," said sex company that towed the axis of development.
AXA Insurance is to increase the competence and satisfaction of internal customers, such as field sales and field service are also considered as a top priority as well as external customers.
Accordingly, the atmosphere, try and improve the working environment of employees and industry-leading operating systems, processes and so on. Immingyeong pateujang said, "Well, if it is able to work happily, and hopefully my colleagues will be able to also be beneficial to the company," "The musicians will give many opportunities equally available to all employees," he said.
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