AXA Mansard - Lagos, Nigeria

AXA Mansard is a subsidiary of the AXA Group, a global leader in insurance and asset management with 166,000 employees providing services to 107 million clients in 64 countries. AXA is not an acronym, rather the name was chosen due to its brevity and because it can easily be pronounced in any language. The company has a presence in many different markets, mainly in Europe, North America and Asia Pacific, but also in Central and South America, the Middle East, and Africa. AXA has had a presence in Africa for more than 20 years. In 2016, the group had IFRS revenues of Euro 100.2 billion and IFRS underlying earnings of Euro 5.7 billion, with assets under management amounting to Euro 1,429 billion.

AXA Mansard was founded in 1989 as a private limited liability company, and is licensed as a  

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composite insurer by the National Insurance Commission of Nigeria (NAICOM). It offers life and non-life insurance products and services to individuals and institutions in Nigeria and also provides asset/investment management services, health management services and pension fund administration through its three subsidiaries: AXA Mansard Investments Limited, AXA Mansard Health Limited and AXA Mansard Pensions Limited. From 2004 to 2015, AXA Mansard Insurance achieved a 55% compound annual growth rate (CAGR) in turnover. In 2016, gross written premiums (GWP) were NGN 20.7 billion and net income was N