AXA launches Shared Services Center in Manila; creates up to 300 IT jobs
AXA is poised to launch two shared service hubs – one in Manila, Philippines, and another in Kuala Lumpur, Malaysia – which are envisioned to help fulfil the company’s future-ready business strategy in the region.
“Our vision is to enable business transformation and innovation by leveraging on technology in Asia,” said Marc Blottiere, AXA Asia Regional COO. “These shared service centers are a testament to our long-term commitment towards investing in the region.”
The new shared service centers will become the IT hubs for AXA in Asia, and later to Japan. They will also later stand as central hubs of actuarial expertise, serving as centers of excellence in technical subjects including actuarial product pricing and valuation; providing guidance to the Asia entities on improvements to processes and methodologies.
Up to 300 jobs are expected to be generated by the Shared Services Centre in Manila, bringing not just employment and career growth to the Filipino workforce but also contributing to the thriving business process outsourcing landscape in the Philippines.
“I am proud to note that AXA Philippines, through the launch of our Shared Services Center, will help boost the domestic economy and take part even more ardently in nation-building,” sai Rahul Hora, President and CEO of AXA Philippines. “With the support to be provided by this new business, we will be able to reach out to more customers and be able to empower them to live the life they choose.”
AXA is a global leader in insurance and asset management. It operates in 64 countries and is ranked the no.1 global insurance brand for nine consecutive years by global brand consultancy firm Interbrand. It serves over 107 million customers worldwide through three core business activities: Property and Casualty Insurance; Protection and Health; and Savings and Asset Management.
ABOUT THE AXA GROUP
The AXA Group is a worldwide leader in insurance and asset management, with 165,000 employees serving 107 million clients in 64 countries. In 2016, IFRS revenues amounted to Euro 100.2 billion and IFRS underlying earnings to Euro 5.7 billion. AXA had Euro 1,429 billion in assets under management as of December 31, 2016.
The AXA ordinary share is listed on compartment A of Euro next Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.
It is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.
This press release and the regulated information made public by AXA pursuant to article L. 451-1-2 of the French Monetary and Financial Code and articles 222-1 et seq. of the Autorité des marchés financiers’ General Regulation are available on the AXA Group website (axa.com).
ABOUT AXA PHILIPPINES
AXA Philippines is a joint venture between the AXA Group and the Metrobank Group, one of the country’s largest financial conglomerates. AXA Philippines is 2nd leading life insurance company in the country, with P21.6 billion in gross premium income reported in 2016, and over 811,000 customers protected under various individual and group life insurance products.
Most recently, AXA Philippines announced its entry into the non-life insurance business with the acquisition of Charter Ping-An, the 5th largest non-life insurance company in the Philippines.
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