What It Does: AXA offers a variety of insurance products, such as health insurance, life insurance, accident insurance, property insurance, auto insurance, and investment management.
Mission: AXA’s mission is to act for human progress by protecting what matters.
Size and Presence: AXA has a strong presence in the UK. This company employs more than 7,500 employees across 22 locations in the UK. These locations include Reading, Ipswich, London, Birmingham, Bolton, Cardiff, etc.
Best Known For: AXA is one of the largest and most renowned financial services companies in Europe. In early 2022, AXA UK & Ireland received a Stonewall Gold Award for LGBTQ+ inclusion. Personal Finance Awards named AXA as the Best Home Insurance Compay three consecutive times. Last year, AXA won the “Best Pandemic Response” at the UK Health & Protection Awards.
The Good Bits: AXA creates room for learning opportunities. The company has a friendly and conducive working environment for freshers and interns. The employees are well incentivised. There’s a good work-life balance.
The Not-So-Good Bits: Employees are mandated to be in several meetings, which can be draining. The work comes with high pressure.
AXA has an ancient history that dates back to the 19th century. The company was established in France as Mutuelle de L'assurance contre L'incendie. In the 20th century, precisely in 1978, this company purchased Compagnie Parisienne de Garantie to become Mutelle Unies. Three years later, the company agreed to a merger deal with Drouot Group to form Mutelle Unies/Drouot Group. It wasn't until 1985 before the company rebranded and adopted the name "AXA.” Six years later, this company purchased The Equitable, American financial services and insurance company. In 1996, AXA purchased the largest insurance company in France and bought Union des Assurances De Paris to form AXA-UAP.
Three years later, it re-adopted AXA as its name. That same year, the company acquired Royal Guardian Exchange. The following year, AXA completely took over Sun Life & Provincial Holdings and made the firm one of its subsidiaries. The firm continued its acquisitions in 2006 when it purchased Winterthur Group from Credit Suisse. As of 2011, AXA rose to the position of the second most influential international corporation in the area of corporate control over global financial stability. As of 2021, AXA had a global workforce of more than 149,000 employees across several countries.
The company’s values include One AXA, Integrity, Customer First and Courage. AXA is conscious and intentional about creating a working atmosphere where every worker can have a sense of belonging or feeling welcomed. The company wants to make its employees happy and motivate them to be as productive as possible, so it provides a flexible working arrangement. AXA is also regarded as one of the most inclusive workplaces. The company is blind to sexuality, race, nationality, religious belief, creed, political affiliation, disability, or gender. All the company sees are competent humans with the potential to stay united and make a difference.
AXA believes in dynamism, which applies to its workforce, so no employee can stay the same after joining the ranks. Employee improvement is constant, and the company has the resources to keep it that way. The company organises continuous learning programs and tools, leadership events as well as technical and specialist training for its freshers and interns. The company’s apprenticeship program is open to every employee to earn relevant qualifications in the industry.
A fresher working at AXA earns an average salary of £21,000 annually.
AXA is active in the fight against climate change, and it addresses social inequalities in communities in the UK.
AXA has been involved in some insurance controversies, but nothing has been widely published so far.