ING and AXA announce a digital partnership to build a global insurance
ING and AXA announced today a long term and exclusive, multi-country
bancassurance partnership to provide insurance products and related services
through a central digital insurance platform. Under the partnership, ING will
provide its leading digital banking experience and AXA its expertise in
innovative modular insurance products and services, offering property &
casualty (P&C), health and protection insurance solutions to ING customers in
six countries - France, Germany, Italy, Czech Republic, Austria(1), and
ING and AXA teams will together develop personalized insurance products and
relevant services, accessible via the ING mobile application, that meet the
forward-looking needs of ING customers towards Living, Mobility and Wellness.
For ING, this is a continued step towards delivering the Think Forward strategy
and empowering around 13 million ING customers stay a step ahead in life. For
AXA, the partnership is another step in its payer-to-partner strategy, in
growing in its preferred segments and towards its vision to empower people to
live a better life.
"Our partnership with AXA adds an important dimension to our ambition to build
one customer-centric platform. Adding personalized protection products that are
life stage driven, will ensure we keep our customers ahead in life, empowering
them to stay in control, in line with their widening demands. The initiative
will also contribute to diversify our income. We are excited to embark on this
journey with AXA and we are united in our vision. We believe that, between our
leading digital banking capabilities and AXA's unparalleled insurance
expertise, we will be able to build an international platform of significant
value to our customers", said Ralph Hamers, CEO of ING Group.
"We are excited about the opportunity to partner with ING to deliver a
significant step change in the future of digital insurance solutions,
leveraging our joint digital capabilities and innovative assets, and providing
a differentiated customer experience to address ING customers' protection
needs. The partnership with ING represents a strong meeting of minds and a
shared ambition of becoming a partner in our customer's life journey. This is
another key step in AXA's transformation, fully aligned with our
payer-to-partner strategy. We will indeed accelerate our growth in Europe and
build innovative insurance solutions and services that have the potential of
creating more frequent interactions with the customers", said Thomas Buberl,
CEO of AXA.
(1) With the support of local insurance partners
ABOUT THE AXA GROUP
The AXA Group is a worldwide leader in insurance and asset management, with
160,000 employees serving 105 million clients in 64 countries. In 2017, IFRS
revenues amounted to Euro 98.5 billion and IFRS underlying earnings to Euro 6.0
billion. AXA had Euro 1,439 billion in assets under management as of December
The AXA ordinary share is listed on compartment A of Euronext 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).
THIS PRESS RELEASE IS AVAILABLE ON THE AXA GROUP WEBSITE axa.com
ING is a global financial institution with a strong European base, offering
banking services through its operating company ING Bank. The purpose of ING
Bank is empowering people to stay a step ahead in life and in business. ING
Bank's more than 51,000 employees offer retail and wholesale banking services
to customers in over 40 countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA AS, INGA.AS),
Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING's strategy, evidenced by ING's
ranking as a leader in the banks industry group by Sustainalytics. ING Group
shares are included in the FTSE4Good index and in the Dow Jones Sustainability
Index (Europe and World), where ING is also among the leaders in the banks
CONTACTS AT ING:
Investor Relations: +31.20.576.63.96
Media Relations: +31.20.576.50.00
Christoph Linke: +31.20.576.43.15
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Certain statements contained herein may be forward-looking statements
including, but not limited to, statements that are predictions of or indicate
future events, trends, plans, expectations or objectives. Undue reliance should
not be placed on such statements because, by their nature, they are subject to
known and unknown risks and uncertainties and can be affected by other factors
that could cause AXA's actual results to differ materially from those expressed
or implied in the forward-looking statements. Please refer to Part 4 - "Risk
factors and risk management" of AXA's Registration Document for the year ended
December 31, 2017, for a description of certain important factors, risks and
uncertainties that may affect AXA's business and/or results of operations. AXA
undertakes no obligation to publicly update or revise any of these
forward-looking statements, whether to reflect new information, future events
or circumstances or otherwise, except as part of applicable regulatory or legal