Category Archives: Insurance Products

French Insurance Conglomerate AXA Provides Innovative Insurance Products across the Globe

AXA is a French insurance conglomerate whose products include health insurance, investment management, casualty insurance, and life assurance. Claude Bebear founded the firm in 1816 as Mutuelle de L’assurance, which later adopted the current name AXA in 1985. Today, the company is offering its services all over the world.

AXA is a premier insurance brand whose value has increased consistently over the past eight years with a 14% value increment in 2016 alone. Furthermore, AXA was named among the top three international brands offering top-end insurance services. Mostly, AXA operates in Western Europe, the Asia-Pacific area, the Middle East, and North America.

As a corporation of independently managed businesses, AXA follows the rules and regulations of the countries in which it operates. The brand is listed in the Euro Stoxx 50 index. Between 1999 and 2000, AXA acquired Guardian Royal Exchange and all its shares. On 14 June 2006, it obtained a leading Swiss Insurance Company from Credit Suisse for about nine billion pounds.

In May 2016, AXA announced that it planned to terminate all its investments in tobacco bonds and shares. It established the AXA Research Fund, which was endowed with 100 million pounds to support research on preventing and understanding the risks facing the society, human life, and environment.

Vincent Parascandola

Vincent Parascandola (Vinny) is the Senior Executive V.P of AXA. He is responsible for the management, development, retention, recruiting, sales, and productivity of financial professionals. He has gained a lot of knowledge and experience after spending over 25 years working in the industry. He started his career as one of Prudential’s insurance agents in 1987.

Parascandola has earned several management awards all through his career including Master Agency Awards and GAMA’s Career Development Awards. Moreover, he is a good orator and has spoken at numerous industry and company conferences including LIMRA’s Distribution Conferences and GAMA’s General LAMP Meeting.