AXA Continues Growth Trajectory with Record First-half 2018 Performance

AXA Philippines, one of the country’s top insurance companies, reported that its first-half performance for 2018 has continued on the upward trajectory—driven by higher annualized premium equivalent (APE) and robust growth in total premium income (TPI).

Compared to the same period in 2017, total net income grew 35% to P1.3 billion on the back of new business and renewals.

APE continued its rise with a significant increase of 27% amounting to P3.8 billion, up from P3 billion from the same period last year. This surge is due to the growth in all sales channels, which is also brought about by higher average active distributor count compared to the same period last year, leading to 24% growth in average case count.

TPI also showed a stellar performance of 141%, attributable mainly from growth in new business sales and better persistency of renewal collections, compared to the combined first and second quarters of 2017. Regular premium income increased 25% year-on-year, while single premium income rose 58%.

Charter Ping An Insurance Corporation, AXA’s general insurance subsidiary, also ranked high in terms of net premium written among non-life insurance companies based on data released by the Insurance Commission. For 2017, Charter Ping An posted P4.08 billion in net premiums written.

The first half of 2018 saw the launch of AXA Shared Services Centre Philippines, one of two Asian hubs offering support to various AXA entities around the world. AXA also expanded its reach and distribution network by opening new branches in Cabanatuan, Cagayan De Oro, and Pagadian.

Recently, AXA introduced its newest offering Asset Master, a single-pay investment-linked insurance product that allows customers to build a diversified investment portfolio of local and global investments. AXA Philippines also bagged a silver award from the prestigious Efma-Accenture Innovation in Insurance Awards for MyAXA Café, an online insight community that provides secure, ongoing, and real-time feedback from customers as a tool to aid in business decisión-making.

Shopee 11.11 Big Christmas Sale will Feature 24 Hours of Free Shipping with an All-time Low Minimum Spend of ₱99 on November 11

Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, will be celebrating the peak of the first wave of Shopee 11.11-12.12 Big Christmas Sale with 24 hours of free shipping with the lowest ever minimum spend of ₱99 exclusively on November 11. On 11.11 Big Christmas Sale, users can also look forward to deals up to 99% off all categories, Shopee Shake and flash deals happening nine times throughout the day, and a special Facebook Live Jam session featuring Shopee’s Christmas Ambassador, Jose Mari Chan, along with popular bands, Ben&Ben and Itchyworms.

Terence Pang, Chief Operating Officer of Shopee, said, “We are very happy with the overwhelming support from shoppers across the country since the start of the Shopee 11.11 - 12.12 Big Christmas Sale on October 26. To thank our users and to add to the celebration, we are excited to be bringing a special free shipping promotion and an exclusive activation with our Christmas ambassador, Jose Mari Chan, on November 11.  We also have more exciting things in store with Jose Mari Chan in the lead up to Christmas, and hope to have everyone join us in celebrating the year-end season.”

At 11 AM on November 11, users can tune into a special Facebook Live Jam Session for exclusive performances by Jose Mari Chan, Ben&Ben and Itchyworms. As a special treat, exciting giveaways will be given throughout the session, including voucher codes and prizes from brands like Unilever, Honor, Ace TV and many more.

Shop the first wave of promotions for the Shopee 11.11 - 12.12 Big Christmas Sale happening now till November 11. For more information, visit https://shopee.ph/11-11

Download the Shopee app for free on the App Store or Google Play Store.

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About Shopee

Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It is a platform tailored for the region, providing customers with an easy, secure and fast online shopping experience through strong payment and logistical support. Shopee aims to continually enhance its platform and become the region’s e-commerce destination of choice.

Shopee has a wide selection of product categories ranging from consumer electronics to home & living, health & beauty, baby & toys, fashion, and fitness equipment.

Shopee, a Sea company, was first launched in Singapore in 2015 and has since expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, and the Philippines. Sea is a leader in digital entertainment, e-commerce, and digital financial services across Greater Southeast Asia. Sea's mission is to better the lives of consumers and small businesses with technology and is listed on the NYSE under the symbol SE.

Get World-Class Medical Coverage with AXA Global Health Access

AXA, global leader in insurance and asset management, empowers you to take control of your health with Global Health Access (GHA), a health plan that provides world-class medical coverage—the kind you deserve—not only in the Philippines but in any country in the world.

With GHA, you can easily maintain optimal health and wellness because the plan gives you access to the best healthcare around the globe. Even if you’re diagnosed in the Philippines, you can opt to receive treatment anywhere in the world. With it, you are also always one step ahead in terms of protection, especially since illnesses can strike anytime, anywhere.

As a comprehensive worldwide health solution, GHA offers extensive international medical coverage of up to P150 million annual coverage for in-patient and out-patient treatments on select plans, inclusive of radiotherapy, chemotherapy, kidney dialysis, and many others. For select plans, coverage is also available for alternative treatments. The policyholder may consult his own specialist or even the hospital of his choice, even if both are outside the AXA network.

It’s easy to avail of GHA: all you have to do is answer yes or no to three questions—a medical exam result need not be presented. Even if you are a customer with pre-existing conditions such as high blood pressure or high cholesterol, you still have the chance to get coverage under GHA.

Other benefits of GHA include 24/7 health advice and support through a telephone health information service staffed by professional healthcare practitioners; and global concierge services, such as flight and travel arrangements for scheduled treatments, including transfers to and from the hospital.

AXA Global Health Access is part of One AXA, a whole suite of superior products in Life Insurance, Savings and Investment, Educational Plans, and Health Coverage. To learn more about GHA, call the AXA customer service hotline at (02) 5815-AXA (292) or talk to an AXA Financial Coach at any AXA, Metrobank, or PSBank branch nationwide. You may also visit www.axa.com.ph/health-protection/global-health-access for more details.