NEWS
Tuesday 19 May 2020
AXA COLPATRIA,1 one of the leading insurance providers in Colombia, has become the latest local insurance firm to join MAXIS Global Benefits Network (MAXIS GBN), providing medical coverage for MAXIS GBN’s multinational clients in the country. AXA COLPATRIA is a specialist provider of prepaid and health insurance coverage in the country, ranking sixth largest in the PHI sector (prehospital and insurance) in terms of revenue with a 6% market share and 220,000 customers.
With the addition of AXA COLPATRIA’s medical insurance coverage, MAXIS GBN can now offer multinational clients an even wider service in Colombia, adding to the life insurance services provided by its other network partner, MetLife Colombia.2 MAXIS GBN now has in excess of 30 insurers in the wider Americas market.
MAXIS GBN, co-founded by MetLife and AXA, is one of the world’s largest employee benefits networks. It combines world-class underwriting capabilities with deep technological innovation to deliver global employee benefits solutions that help leading multinationals and cross border businesses care for their staff and meet their strategic business goals.
MAXIS GBN works in partnership with around 500 multinational clients, including 50 employee benefits captives, to deliver market-leading risk management services and solutions. With approximately 140 local insurance carriers with specialist capabilities in over 120 markets, MAXIS GBN’s local insurers currently cover over 3.2 million employees worldwide.
Bernardo Rafael Serrano López, General Director and CEO, AXA COLPATRIA, said: “The medical insurance market in Colombia remains highly competitive, with strong opportunities for growth. As such, it is great to be working with MAXIS GBN and helping to provide medical coverage to the employees of their multinational clients in the Colombian market. MAXIS GBN’s value proposition in the South American market is attractive and we are delighted to have formalised this partnership.”
Jérôme Picon, Head of Finance & Operations, MAXIS GBN, said: “With the world focused on best-practice healthcare during the COVID-19 pandemic, we are delighted to be working with a strong medical partner in Colombia and to be expanding our network in Latin America. Colombia is a fast-growing market and it’s great to be able to complement our existing life insurance coverage with a great medical provider. Looking ahead, we are focused on continuing to grow our network globally, with partners that can help deliver the best local insurance coverage to our multinational clients.”
1 AXA COLPATRIA SEGUROS DE VIDA S.A AND AXA COLPATRIA MEDICINA PREPAGADA S.A.
2 METLIFE COLOMBIA SEGUROS DE VIDA S.A
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This document has been prepared by MAXIS GBN and is for informational purposes only – it does not constitute advice. MAXIS GBN has made every effort to ensure that the information contained in this document has been obtained from reliable sources but cannot guarantee accuracy or completeness. The information contained in this document may be subject to change at any time without notice. Any reliance you place on this information is therefore strictly at your own risk.
About MAXIS GBN
MAXIS Global Benefits Network (MAXIS GBN), co-founded by MetLife and AXA in 1998 is one of the leading international employee benefits networks providing global service capabilities and delivering world-class employee benefits perspectives and solutions to clients in over 120 markets around the world. In February 2016, MetLife and AXA further strengthened their relationship by combining all of its MAXIS GBN existing operations under a joint venture company. This transformation helps leverage the existing strength of the network and its two parent companies while further enhancing the client experience, focusing on product innovation and providing data analytics. For more information, please visit www.maxis-gbn.com .
The MAXIS Global Benefits Network (“Network”) is a network of locally licensed MAXIS member insurance companies (“Members”) founded by AXA France Vie, Paris, France (AXA) and Metropolitan Life Insurance Company, New York, NY (MLIC). MAXIS GBN, registered with ORIAS under number 16000513, and with its registered office at 313, Terrasses de l’Arche – 92 727 Nanterre Cedex, France, is an insurance and reinsurance intermediary that promotes the Network. MAXIS GBN is jointly owned by affiliates of AXA and MLIC and does not issue policies or provide insurance; such activities are carried out by the Members. MAXIS GBN operates in the UK through UK establishment with its registered address at 1st Floor, The Monument Building, 11 Monument Street, London EC3R 8AF, Establishment Number BR018216 and in other European countries on a services basis. MAXIS GBN operates in the U.S. through MetLife Insurance Brokerage, Inc., with its address at 200 Park Avenue, NY, NY, 10166, a NY licensed insurance broker. MLIC is the only Member licensed to transact insurance business in NY. The other Members are not licensed or authorised to do business in NY and the policies and contracts they issue have not been approved by the NY Superintendent of Financial Services, are not protected by the NY state guaranty fund, and are not subject to all of the laws of NY.