AXA Ukraine, one of the country’s largest insurance groups, with total premium written of UAH1.4 billion ($53.3 million) in 2016, is the latest provider to become a member of MAXIS Global Benefits Network (GBN). The addition of AXA Ukraine means that MAXIS GBN now has two partners in Ukraine (AXA Ukraine and MetLife Ukraine) and nearly 140 member insurance firms worldwide.
MAXIS GBN, co-founded by MetLife and AXA in 1998, is one of the world’s leading international employee benefits networks providing global service capabilities and delivering world-class employee benefits perspectives and solutions to clients in 115 markets around the world. MAXIS GBN successfully works in partnership with over 750 multinational clients to deliver the employee benefit solutions they need to help them care for their staff and meet the strategic goals of their business.
Established in 2011, following the merger of AXA Insurance and AXA Ukraine, AXA Ukraine is the largest Property & Casualty insurer in its home market with excess of 250,000 customers and a near 10% market share. One of its target growth markets is the protection space, a sector in which it is currently ranked 14th in terms of market share. The firm has developed a dedicated employee benefits programme, with a wider strategic focus on helping its clients in Ukraine to improve the health and quality of life of their staff.
Philippe Wautelet, CEO, AXA Ukraine, said: “Employee benefits is a growth market in Ukraine and we are delighted to join MAXIS GBN. The benefits to us and our corporate clients will be significant, helping to select and effectively manage employee benefit programmes for their employees. We believe the time is right to expand our employee benefits business for multinational clients and further build cooperation with international brokers and other key stakeholders.”
Matthew Richards, Director of Member Management, MAXIS Global Benefits Network said: “We are delighted to welcome AXA Ukraine to the MAXIS network which now offers our multinational clients an even greater choice when considering employee benefits in the country. Providing high quality solutions for our clients through our local members is at the heart of what we do and the addition of AXA Ukraine further enhances our network capabilities. And, AXA Ukraine can now look to capitalise on the momentum and aspirations it has to grow in the Ukraine employee benefits sector. At MAXIS, we understand the importance of employee benefits to our member insurance firms and how such benefits can be a major differentiator for their clients.”
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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 115 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 1095 Avenue of the Americas, NY, NY, 10036, 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