Singapore
AXA Insurance has set its sights on expansion in the high net worth (HNW) space; it plans to roll out a range of products this year including health and lifestyle plans targeted at the well-heeled.
Sean Goh, AXA chief partnerships distribution officer, said the high net worth clientele in Asia are currently "under-served'' in terms of insurance.
"The market penetration of insurance among the wealthy is three to five per cent... It's a good opportunity for us to be a part of (this segment) and evolve the market.''
AXA last year consolidated its life and general insurance entities. This enables the firm to offer a comprehensive solution to the high net worth client, said Mr Goh. "We're also...
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