While non-life insurance remains the driving force of activity in Africa, in the world it is rather the life branch that generates the results. This can be seen from the results of the Axa group for the first 9 months of the current year.
Thus, revenues, up 3.7%, are mainly driven by life insurance, retirement, savings and health. The French group, number two insurance in Europe after Allianz, said in a statement that its turnover amounted to 75.8 billion euros at the end of September against 75.37 billion a year earlier; which represents 44 times the results of all the companies in the CIMA zone *.
“Growth has accelerated in the third quarter,” said a conference call by Gérald Harlin, Axa’s CFO, highlighting the performance of operations in Europe, particularly in France.
Since the beginning of the year, the group has carried out major transactions such as the acquisition of XL Group and the IPO of its life insurance and asset management activities in the United States.
* CIMA: The Interafrican Conference of Insurance Markets (CIMA) covers 14 countries including Benin, Burkina Faso, Cameroon, Congo, Côte d’Ivoire, Gabon, Guinea Bissau, Equatorial Guinea, Mali, Niger, Central African Republic, Senegal, Chad and Togo.
