AXA

AXA plans to increase profits in the coming years more than previously planned and is relying more on artificial intelligence to cut administrative costs. Group CEO Thomas Buberl emphasized that higher profits, dividends and share buybacks are more important than potential acquisitions. Investors reacted only weakly to the announcement; the stock fell. » More on finanzen.net

Axa CEO Thomas Buberl has unveiled a strategy plan aiming for organic growth through ten transformative AI initiatives, stronger customer retention and expanded direct business, as well as targeted expansion in the SME segment, particularly in the US. Axa also plans to expand inclusive insurance offerings in emerging markets and to strengthen prevention in healthcare. Buberl criticizes tax benefits for unhealthy foods and proposes ending these VAT reductions to more seriously promote prevention. » More on handelsblatt.com

Axa CEO Thomas Buberl announces plans to accelerate organic growth and close growth gaps with competitors through investments in artificial intelligence, expansion of pension offerings and a stronger focus on small and medium-sized enterprises. The company plans ten transformative AI initiatives, expansion of inclusive insurance in emerging markets and growth of its direct business, as well as opportunities in the US in new risks such as cyber and autonomous driving. Buberl sees Germany’s current investment wave as a unique chance for economic renewal and emphasizes that funds must be used in a targeted way. He confirms his long-term commitment to Axa and rules out a move to Allianz. » More on handelsblatt.com