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GT Capital has interests in the life insurance business through its 25.3% ownership of shares in AXA Philippines, the Philippines’ second largest insurance company in terms of total net insurance premium. AXA Philippines is a joint venture between the AXA Group, one of the world’s largest insurance groups, and the GT Capital/Metrobank Group, one of the Philippines’ largest diversified conglomerates.
To complement its life insurance business, AXA Philippines announced in April 2016 the completion of the acquisition of 100% interest in Charter Ping An Insurance Corporation, the fifth largest non-life insurance company in terms of gross premiums written in the Philippines. AXA Philippines is now a provider of a comprehensive suite of products, personal and group insurance in the Philippines, covering life insurance and investment-linked insurance products, savings and investment, health coverage, and property and casualty insurance. AXA Philippines distributes its products in the Philippines through a multi-channel distribution network comprised of agents, bancassurance, and corporate solutions.
AXA is the world's number one insurance brand and has been redefining insurance standards around the globe for the past two centuries. Two hundred years hence, AXA is present in 64 countries and serves over 107 million customers.
AXA Philippines is one of the largest and fastest growing life insurance companies in the country, offering financial security to more than 800,000 individuals through our group and individual life insurance products.
AXA has more than 3,000 financial advisers in 32 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide. With its recent full-acquisition of Charter Ping-An, AXA Philippines has entered into non-life insurance business, providing Filipinos a range of financial protection to suit their needs today.
The AXA S.A. Group
AXA Philippines has benefitted from a global brand, extensive expertise on risk management and product development as well as the group’s regional operating model
- One of the global leaders in insurance and asset management
- Headquartered in Paris and serves 95 million clients, individuals and businesses in 61 countries
- The group operates primarily in Western Europe, North America, the Asia Pacific region, and the Middle East
- Offers a wide range of products and services including life insurance & savings, property & casualty insurance and asset management
- AXA Asia has successful partnership with dominant market players like Krungthai bank in Thailand, Bank Mandiri in Indonesia and ICBC in China
AXA's predecessor company, The Cardinal Life Insurance Corporation was incorporated in the Philippines
Renamed Pan-Philippine Life Insurance Corporation
Renamed Metro Philippines Life Insurance Corporation
The AXA Group, through its Asia Pacific subsidiary, AXA Asia Pacific Holdings Limited, formed a joint venture with Metrobank's investment bank, First Metro Investment Corporation, and Ausan Resources Corporation through the acquisition of the capital stock of Metro Philippines Life Insurance Corporation; Renamed as Philippines AXA Life Insurance Corporation
AXA received a license to sell variable or investment-linked life insurance products by the Philippines Insurance Commission
AXA received Bangko Sentral ng Pilipinas approval to conduct bancassurance activities in the Philippines
Ausan's shareholdings in AXA were transferred to GT Capital Holdings; became the Philippines' top life insurer in terms of first year premiums in 2009
AXA Philippines acquires general insurance company Charter Ping An, now allowing AXA to provide a more complete bancassurance product offering
AXA Philippines acquires Charter Ping An
AXA establishes bancassurance partnership with PSBank
AXA Cebu Business Park inaugurated
AXA Health Day in selected Metrobank branches