2014-07-18

Company offers insurance products in line with customer needs

AXA Insurance in the Gulf – one of the leading non-life international insurers in the region which operates as AXA Cooperative in the Kingdom of Saudi Arabia, today announced special insurance offers that are bound to make the Holy Month of Ramadan even more special.

AXA Cooperative offers customers insuring their brand new vehicles both agency repairs up to two years on motor comprehensive cover and car hire benefit free of charge for a limited time. Those benefits are a major step forward for AXA Cooperative and part of its strategy to meet the requirements of each and every customer.

“Today, car insurance is under price pressure and becomes more and more a commodity. However, customers should not get lost and should still look for products that fit their needs. They should not sacrifice on covers and services when buying car insurance as they might regret it at the time of a claim. Premium brands such as AXA, now has great value for money offers while not sacrificing the Quality of Service. Based on customer feedback and expectations, AXA Cooperative has responded to this demand by providing comfort, convenience and assurance of agency repairs to our customers for a minimum of two years after purchasing a brand new car as well as a set of other benefits such as providing a hire car when customers’ car is under repair” said Gary Lewin, AXA Cooperative CEO.

He added: “Our research clearly highlighted the fact that our customers want something that the industry does not provide. AXA Cooperative has worked and delivered a comprehensive motor insurance offer based on three key choices of protection for customers – Motor Perfect, Motor Extra and Motor Third Party – backed by our professional & trustworthy service.”

AXA Cooperative motor insurance products offer unique value-for-money, in addition to international service standards, unique brand and product features and multi- access options for customers. Product details and quote requests forms can be accessed online at www.axa-cooperative.com, policies can be issued by calling the AXA Call Centre on 800 116 48 45.

AXA Cooperative currently operates 3 main branches and 7 shops in KSA, including 4 in Riyadh [Tahlia Street, Granada Mall, Kanoo Building and Panda Mall Takhassossi St.], three in Jeddah [Auto Mall, Red Sea Mall, Kanoo Building], Two in Khobar [Mall of Dhahran, Al Meflah Building] and one in Dammam [Shatea Mall]. AXA shops cater to retail insurance needs while offerings motor, home and travel insurance at places most convenient to our customers.

About AXA in the Gulf:

With a workforce of over 850 employees, 31 branches region-wide, more than 1 million customers and 2013 gross written premium of over US$ 771 million, AXA is one of the largest international non-life player in the GCC offering a wide range of insurance products and services for corporate and individual customers. AXA Gulf operates in KSA as AXA Cooperative Insurance Company. AXA in the Gulf was recently awarded Insurer of the Year for the 5th consecutive year and Personal Lines insurer in 2014 at the MENA Insurance Awards and best Motor insurance product by the Banker Middle East in UAE and KSA.

About AXA Group:

AXA Group is a worldwide leader in insurance and asset management, with more than 160,000 employees serving 102 million clients in 57 countries. In 2013, IFRS revenues amounted to Euro 91.3 billion and IFRS underlying earnings to Euro 4.7 billion. AXA had Euro 1,113 billion in assets under management as of December 31, 2013.

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