French insurer AXA is on track to double its 2011 sales in Asia by 2015 without sacrificing margins, according to a senior executive in the region, and it is all down to picking the right partner.
Earlier this year AXA leapfrogged Hong Kong-based AIG to become the top foreign general insurer in the region by market share of gross written premiums.
Now AXA is targeting a top three slot in Asian life insurance by 2015. This would be a move up from its current position as number four in terms of annual premium equivalent, behind AIA, the UK's Prudential and Germany’s Allianz.
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