What it does: Provides insurance that covers many needs and areas.
Mission: “Act for human progress by protecting what matters.”
Size and presence: approximately 120.000 employees.
Best known for: One of the major insurance companies in the world.
The good bits: Comprehensive health and life insurance. Provides training. Flexible working arrangement.
The not-so-good bits: Short breaks and high target.
Axa’s history began in 1816, founded as Mutuelle de L’assurance contre L’incendie. The company had gone through acquisitions and mergers with other companies before it changed its name to AXA in 1985. AXA then took over Equitable Holdings, Inc. in 1991, and with that AXA took the majority of control in the company. The latter was an American insurance and financial service company that was founded in 1859. The acquisition allows AXA to establish itself as a leading international group. After acquiring The Equitable, AXA continued to acquire several companies to strengthen its business globally.
AXA’s main products are property and casualty business insurance, life and saving insurance, and assets management business. AXA now operates in more than 50 countries all around the world. AXA’s headquarter is in Paris, France. Though AXA owns its biggest capital in the U.S. at 18.8% and the second biggest is in France at 16,5%, followed by the UK at 10,5%.
AXA has a fast-paced environment. However, many employees stated that they have supportive managers who guide them and willing to collaborate to tackle obstacles they may find along the way. It is a great place to start if you are interested in being a salesperson since AXA’s core business is insurance. The company will provide intensive training, therefore, even graduates will get enough preparation to start their roles within the company.
A student who wants to submit their proposals for internships and recent graduates can apply online directly to AXA’s website. The company is always updating internship openings and vacant positions available for graduates on its website. The company urged job seekers to create an account and submit their resumes before they’re applying for jobs. The company also allows people to apply for more than one job.
The hiring process will include applying for positions, screening with the recruiter, interviewing with the hiring manager, and several key stakeholders in the company, then there will be an online assessment. However, it will be done only in some areas. The process may take a week, even three months for some people.
AXA owns many departments within the workforce. There is also different type of hiring, AXA divides them into several categories and there are roles for graduates who wish to join to start off their careers. Some notable categories you may find interesting for your experience are actuarial, asset management, claims management, communication & corporate social responsibility, compliance, data science, life & saving insurance, product development, project management, property & casualty insurance, and risk management, and many more.
Intern’s salary in AXA is approximate $5.300 monthly and higher. In the meantime, the salary for a full-time position will definitely be higher. For example, a financial consultant receives $73.000, a business analyst receives $88.000, a sales associate receives $73.000 for a salary base, a data analyst receives $74.000, a software engineer receives $111.000, and an investment consultant receives $273.000 annually.
AXA accommodates its employees worldwide to volunteer through its programs, AXA Week for Good and AXA Hearts in Actions. Both programs allow AXA employees to contribute to various activities in two pillars; climate change & biodiversity and inclusive protection. The last pillar aims to protect vulnerable communities through health and disease prevention, social inclusion, and risk prevention.
AXA Hearts in Actions covers activities in many forms, such as charitable team building, individual volunteering, and employee fundraising. There are more than 23.000 employees who joined this program, partnering with 34 local entities, and have spent more than 227.000 hours of volunteer in 2020.
In 2017, AXA announced that it will stop insuring the U.S. oil pipeline and quadruple its divestment of the coal business. Axa was one of the major insurance companies that start selling off its coal investment in the amount of €500 million. Axa also divests three significant pipelines in North America, ending €700 million in insurance for the companies. Oil pipelines in North America have become a source of protest from a native American reservation in North Dakota. The decision to stop doing business with the coal and oil industry is aligning with AXA’s commitment to increasing its green investment.