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AXA Common Insurance coverage Korea CEO Guillaume Mirabaud stated on Nov. 14 that the corporate shouldn’t be planning on leaving the South Korean market. The French insurance coverage firm entered the market in 2001 and there have been repeated rumors about sale.
AXA is the one international insurer within the auto insurance coverage market of South Korea. “The highest 4 out there are persevering with to increase, and this lopsidedness is much from fascinating,” he stated, including, “Though the South Korean authorities is attempting to draw extra capital and funding from overseas, many issues nonetheless must be improved by way of infrastructure and coverage.”
He additionally stated that AXA Common Insurance coverage Korea is a small but revolutionary firm, has strengths on the technical aspect and so forth, and is geographically vital as a technical assist supplier for AXA Southeast Asia.
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