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Threat of haywire AI feeds calls for development pause, AXA Says

by AIP Online Bureau | Oct 31, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

Artificial intelligence can provide lots of benefits of society, “but obviously we need to have very clear rules that these benefits are not being abused,” Thomas Buberl, chief executive officer of Paris-based AXA, said during an interview while visiting the campus of...
Bharti to acquire AXA’s 49% stake in Indian life Insurance JV, scouts for new partners, AXA exits both Indian life and non-life biz

Bharti to acquire AXA’s 49% stake in Indian life Insurance JV, scouts for new partners, AXA exits both Indian life and non-life biz

by AIP Online Bureau | Oct 11, 2023 | Indian News, Life, Regulation

Bharti’s intention is to ensure that the life Insurance business continues to serve the Indian market and, in this regard, it is engaging with other strategic and financial investors to partner and or combine, so as continue to scale this business New Delhi: Sunil...

AXA and AIG may exit UK life biz

by AIP Online Bureau | Jul 20, 2023 | International News, Life, Reinsurance

Dealmaking in insurance has remained relatively buoyant despite a broader slowdown in mergers and acquisitions, as insurers continue to streamline their operations and exit business lines to reallocate capital to their focus areas London: Two of the world’s largest...
AXA weighs offloading $2 bln reinsurance arm to cut disaster risk – sources

AXA weighs offloading $2 bln reinsurance arm to cut disaster risk – sources

by AIP Online Bureau | Jul 12, 2023 | International News, Non-Life, Reinsurance

French insurer AXA SA has been discussing strategic options for its XL Re unit, including a possible private sale or stock market listing, said the people, who spoke on condition of anonymity Paris: One of the world’s top insurers is mulling offloading its property...

Axa sets first emissions goals for insurance portfolio

by AIP Online Bureau | Jul 2, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Europe’s second-biggest insurer said it would aim for a 20% decrease in the carbon intensity of its largest individual auto insurance portfolios between 2019 and 2030 and a 30% drop in absolute carbon emissions from its largest corporate customers between 2021...
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