AXA Insurance wins Medical Insurer of the Year Award at INSUREX Conference 2011

AXA Insurance Gulf – one of the top five insurers in the GCC – today announced that it has won the prestigious Medical Insurer of the Year recognition at the INSUREX Awards, held in conjunction with 8^th INSUREX Conference 2011 organized by Policy Magazine -- the voice of the Middle East Insurance sector.

The INSUREX Awards are one of the most prestigious recognition in the insurance sector across the Middle East and were given away on 26 October 2011 at The Address, Dubai Marina. The coveted awards recognize excellence in the insurance sector in the region, and marked the culmination of the two-day INSUREX Conference 2011, organized by the magazine.

AXA Insurance Gulf’s nomination in the Medical Insurer of the Year category was a deserving winner from a number of entries from leading insurance companies, and recognizes the company’s commitment to meeting diverse customer needs, both on the services and product front.

Mr Jérôme Droesch, CEO of AXA Insurance Gulf, said: “The recognition of AXA Insurance Gulf as the Medical Insurer of the Year is indeed a very coveted one – rewarding our service excellence, integrity and product innovation. I think this award also reflects perfectly our strategy to focus more on mandatory line of business notably medical insurance. I am thankful to our partners and shareholders in making this possible and most importantly, to our customers who reposed their faith in our health insurance products. Last but not the least, I would like to dedicate this award to my team at AXA, who have worked diligently to achieve this. I am grateful to them for their hard work and commitment.”

The awards jury vetted the various entries on the insurer’s response to the varied health needs of the market whilst meeting the regulator guidelines and at the same time adherence to international standards. On top of giving its customers access to hospitals network across the globe, international expertise and round-the-clock service, AXA has been labouring consistently to develop and adapt its medical product and services locally to meet and anticipate its customers’ needs. This award is therefore an important and positive signal for AXA and its customers.

Alexis de Beauregard, Chief Officer, Marketing & Retail Product Offering at AXA Insurance Gulf, said the company was thrilled with the recognition. “We are overjoyed with this top industry award and would like to thank the jury for recognizing our endeavours to strive for excellence in all our operations for a second year in a row. The award is a huge endorsement for our medical portfolio and world-class service standards and we are further motivated to keep striving for excellence.”

Health insurance is a key growth contributor of AXA’s overall portfolio in the region. During the last one year, AXA has launched several activities such as counter fraud, closed file review and insurance procurement in line with group strategy besides the web & IT solutions such as the addition-deletion portal, eligibility check, dental pre approval, CCHI uploader, HAAD e-claims and the completion of Waseel Project in the Kingdom of Saudi Arabia.

The INSUREX Awards ceremony was attended by around 300 insurance professionals, including decision makers from Arab and international insurance and reinsurance companies, regulatory agencies, brokers and banks from across the region, who had gathered in Dubai for the INSUREX Conference. During the two day event, the delegates engaged in stimulating debates and ways to find practical solutions to today’s most pressing issues in the insurance world.

AXA Insurance Gulf has been conferred with numerous industry awards over the last couple of years, reinforcing the company’s commitment to innovation and excellence in the cluttered Middle East Insurance environment.