by Penny Angeles-Tan | Jun 12, 2018 | Advocacy
Thomas Buberl, AXA CEO
AXA, the leading global insurer, reaffirms its commitment to sustainability as it joins the fight against climate change. Thomas Buberl, AXA CEO, announced several initiatives and decisions that are to be set in motion in the areas of investments, divestments, and insurance.
“As a global insurer and investor, we know that we have a key role to play and are proud to have taken these decisions and to have inspired others,” said Buberl. “In the spirit of the Paris Agreement, we want to accelerate our commitment and confirm our leadership in the fight against global warming.”
In the investments front, AXA aims to reach Euro 12 billion in green investments by 2020, which is four times the 2015 achieved target of Euro 3 billion. This accelerated target is twice as high as the recommendation of the United Nations Framework Convention on Climate Change, which is to invest 1% of assets into green and clean technology by 2020.
In the area of Divestments, AXA decided two years ago to divest Euro 500 million from the coal industry, targeting companies, which derive over 50% of their revenues from coal. Today, AXA has decided to increase its divestment to a record fivefold or Euro 2.4 billion, this time targeting companies that derive more than 30% of their revenues from coal, have a coal-based energy mix that exceeds 30%, actively build new coal plants, or produce more than 20 million tons of coal per year.
Similarly, AXA also announced the divestment of over Euro 700 billion from the main oil sand producers and associated pipelines, signaling the discontinuation of investments in these businesses.
In the field of Insurance, AXA said that as a group, it would no longer be insuring new coal construction projects as well as main oil sands and associated pipelines.
AXA has also partnered recently with the International Finance Corporation (IFC) in spearheading an innovative USD 500 million fund to support climate related infrastructure projects in emerging countries.
AXA is currently the second largest life insurance company in the Philippines, based on Total Premium Income. Since 1999, AXA has focused on life insurance and providing solutions for savings and investments, health, education, income protection, and retirement. It pioneered bancassurance operations in the Philippines, which is the distribution of insurance products through banks.
by Penny Angeles-Tan | Jun 11, 2018 | Lifestyle
My Diamond Wedding Bands Set Commitment Collection
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My Diamond Wedding Bands Set Devotion Collection
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by Penny Angeles-Tan | Jun 8, 2018 | Business
AXA Philippines chief human resource officer Jaspreet Kakar discussed how multinational companies build and sustain talent during the recent Talent Management Asia Conference 2018 at the SM Aura SMX Convention Center in Bonifacio Global City, Taguig.
Addressing fellow human resource practitioners, Kakar shared how AXA takes care of its employees:
- by giving importance to purpose and culture;
- empowerment through decentralized decision-making; and
- embodiment of the agile mindset by encouraging active collaboration with one another.
AXA Philippines is one of the country’s leading insurance companies. For more information, visit www.axa.com.ph.
by Penny Angeles-Tan | Jun 5, 2018 | Lifestyle
You can now buy Cristiano Ronaldo’s signature audio gear in the Philippines. Known as Roc Live Life Loud, the brand features two products: Roc Model II Sports Wireless Earbuds (PHP 6,599) and the Roc Model III Wired Earbuds (PHP 2,799). The headphones are exclusively available on Lazada Philippines. ROC By Ronaldo earphones are made from high quality materials and are equipped with advanced features to provide long-wearing comfort, sweat and water resistance, and superior sound that is high resolution certified.
Roc Model II
ROC audio and fitness gear has been specially designed to help active individuals focus on the music that propels them forward.
Whether you’re looking for premium sound, design, or technology to suit your active lifestyle — ROC is here to deliver.
ROC audio uses exclusive technology to achieve the highest precision sound experience without sacrificing style or functionality. That means that whether you’re listening through earbuds or headphones, on the field or at the gym, you’ll have the pure sound performance you need to focus and stay motivated for greatness.
Roc Model III
Quality materials, fit and finishing all help to ensure that ROC products continually look as good as they sound. With precision engineering and innovative features developed specially to meet the needs of an active lifestyle, you can be rest assured that every piece of ROC gear is designed to help you be your best.
by Penny Angeles-Tan | May 30, 2018 | Lifestyle
Insurance can be a confusing or intimidating subject because of the technical terms as well as many misconceptions about it. AXA Philippines, one of the country’s leading insurance providers, dispels some of the popular myths about insurance by giving basic facts to help you make an informed decision.
Myth 1: Insurance is expensive.
Fact: Insurance products are designed for different needs and therefore, vary in costs depending on the coverage. Online calculators and speaking with a financial advisor can help you figure out the right plan for your needs and budget.
Myth 2: Young people do not need insurance.
Fact: Getting insurance while you are young is ideal since premiums will be much cheaper. You are also usually less prone to develop medical conditions that can drive up premiums. Policies will be more expensive the older you get and the longer you wait.
Myth 3: Poor health makes you unqualified for coverage.
Fact: Some insurance companies like AXA can cover a range of health conditions that may be excluded in other health plans. AXA’s health coverage can include minor illnesses as well as critical conditions like heart attack, stroke, and cancer.
Myth 4: The group life insurance or HMO coverage provided by your employer is enough.
Fact: While company insurance can be a great help, it might not be enough to cover your family in the long run. Your employer might get you a life insurance equal to 1-2 times of your annual salary, but you could lose it if you leave your job. Having your own personal insurance policy can help ensure that you and your family will be sufficiently provided for financially.
Myth 5: It’s better to save my money in the bank than to buy an insurance policy.
Fact: You can always do both. With insurance products, you can ensure that your loved ones will be protected in case something happens to you. Some life insurance products, like AXA’s MyAmbition, even allow you to invest your one-time payment so your money can grow. Best of all, it’s available online!
Whatever decision you make regarding insurance, it’s always good to be well-informed. Talk to a financial coach who can answer all your questions and can also recommend the product that best suits your needs.
Connect with an AXA financial advisor via www.axa.com.ph/appointments.
AXA has also partnered recently with the International Finance Corporation (IFC) in spearheading an innovative USD 500 million fund to support climate related infrastructure projects in emerging countries.
Fact: Insurance products are designed for different needs and therefore, vary in costs depending on the coverage. Online calculators and speaking with a financial advisor can help you figure out the right plan for your needs and budget.
Fact: Some insurance companies like AXA can cover a range of health conditions that may be excluded in other health plans. AXA’s health coverage can include minor illnesses as well as critical conditions like heart attack, stroke, and cancer.
Whatever decision you make regarding insurance, it’s always good to be well-informed. Talk to a financial coach who can answer all your questions and can also recommend the product that best suits your needs.
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