Warsaw
18 May 2017
Reporter: Becky Butcher

AXA Poland targets growth in employee benefits market


AXA Poland is set to capitalise on strong growth opportunities in the Polish market in a bid to expand its employee benefits business.

Maxis Global Benefits Network (GBN), a network co-founded by MetLife and AXA in 1998, will support AXA providing the company with a range of solutions, market knowledge and expertise in pooling and global programmes, including approaches to pricing and data management, to help seize opportunities for growth.

In addition, AXA will hire three experienced insurance professionals to assist with the expansion.

AXA Group, who entered the Polish market in 2006, has continued to grow its market share across more than 10 business lines, including employee benefits.

As of 1 January this year, AXA Poland had an approximate 2 percent share of the domestic employee benefits market.

Konrad Zakrzewski, head of group insurance department at AXA Poland, said: “For the last few years, we have created growth in group insurance through the delivery of new products, the development of sales networks and a well targeted value proposition for business partners.”

“This year, we believe the time is right to expand our employee benefits business for multinational clients and further build cooperation with international brokers. In addition to appointing a new team and recruiting experienced individuals, we have developed the products and processes that international corporations require from their insurers. We are confident that this business line will develop and AXA Poland, as a Maxis GBN member, will become the biggest player on the Polish market.”

Andrew Stocker, head of business development at Maxis GBN, added: “At Maxis GBN, we understand the importance of employee benefits to our member insurance firms and how such benefits can be a major differentiator for their clients. We continue to witness strong demand from multinational employers, for employee benefit solutions for in Poland.”

More Industry news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Madison Re II to reinsure Novea captive
21 November 2017 | Cheyenne | Reporter: Becky Butcher
Novea has selected Madison Re I.I. to reinsure its pure captive Jacana Insurance
‘Exciting developments’ in South Carolina’s captive industry
17 November 2017 | Charleston | Reporter: Becky Butcher
Jay Branum of the South Carolina Department of Insurance has revealed the state has “very positive and exciting developments” for its captive insurance industry
‘Explosive growth’ for Tennessee’s captive market
17 November 2017 | Nasville | Reporter: Lorella Fava
After rewriting its captive statute back in 2011, the captive insurance market in Tennessee has seen “explosive growth”, according to the state’s insurance commissioner Julie Mix McPeak
Captive insurance scholarships awarded in Bahamas
14 November 2017 | The Bahamas | Reporter: Lorella Fava
The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) has selected two recipients for the Associates in Captive Insurance designation scholarships
SRS acquires Barbados captive manager
13 November 2017 | Massachusetts | Reporter: Lorella Fava
Strategic Risk Solutions (SRS) has acquired the operations of CGE Group, a Barbados captive manager
Captives dragged into Paradise Papers furore
10 November 2017 | Bermuda | Reporter: Stephanie Palmer
The captive insurance industry has for the first time been implicated in the so-called Paradise Papers, as a US businessman was identified in one of the leaked documents as a director of a captive insurer
CICA and Butler form professional development partnership
09 November 2017 | Minneapolis | Reporter: Becky Butcher
The Captive Insurance Companies Association (CICA) and the Davey Risk Management and Insurance Program at Butler University have formed a new professional development partnership