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Monday, November 30 - 2009

AXA Insurance has received its license to offer medical insurance in the Emirate of Abu Dhabi

  • United Arab Emirates: Wednesday, June 20 - 2007 at 14:55
  • PRESS RELEASE

AXA Insurance Gulf, the fastest growing international insurance company in the Middle East, has just received its medical license from the General Authority for Health Services (GAHS) in Abu Dhabi.

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The license has been issued in view of the law passed by the GAHS earlier this year which states that it is mandatory for companies operating in Abu Dhabi to cover their expatriate staff with a national health insurance policy. It is anticipated that this law will soon be extended to include the rest of the UAE as well.

With the procurement of this license, AXA Insurance will be now able to offer its comprehensive international Healthcare series to corporations and individuals in the market.

Says Andrea Rossi, CEO of AXA Insurance Gulf in the Middle East,

"We applaud the Abu Dhabi government in this initiative to provide its expatriates with the highest standard of living, including the provision of world-class healthcare services for nationals & residents alike."


Says Edouard Lesellier, Regional Healthcare Manager, "We can now provide our Abu Dhabi customers with comprehensive health plans which can be best described as an innovative merger of the best benefits between the Abu Dhabi requirements and our standard plans. This allows us to pursue our strategy of offering comprehensive health plans at a reasonable cost whilst meeting local regulation."

AXA Insurance offers under its standard individual plans the unique benefit of guaranteeing wide coverage for all for pre-existing and chronic conditions after a two-year moratorium, plus the possibility of a portability of terms once the member leaves a group scheme or the United Arab Emirates thanks to the support of its sister company AXA PPP Healthcare. Given below are the four types of plans offered by AXA.

1. Global Area 1 - worldwide cover


Global Area 1 is the highest level of cover in the International Healthcare Series range. As the name suggests, the plan provides comprehensive cover on a worldwide basis.

2. Global Area 2 - worldwide cover excluding USA , Singapore, Japan, Hong Kong & Switzerland


At the heart of the International Healthcare Series this is our most popular plan, which is designed for people who require worldwide cover but are unlikely to need treatment in the USA, Singapore, Japan, Hong Kong and Switzerland where medical costs can be particularly high.

3. Regional Plus and Regional Cover


As the name suggests, our Regional plans offer comprehensive cover within AGCC States plus India, Pakistan, Sri Lanka, Bangladesh, Korea, the Philippines, Indonesia, Nepal and Bhutan. The plan is designed for residents of the Emirates who might travel extensively throughout the Gulf and major trading nations of the sub-continent and South Asia.
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Notes and media contacts

About AXA in the Gulf
AXA in the GCC, with a workforce of over 400 employees, 11 offices region-wide, a substantial customer base and a gross written premium of over US$ 200 million, is a a major international insurer in the Middle East offering a wide range of insurance products and services for corporate and individual customers.

About AXA Group worldwide
AXA Group is a worldwide leader in Financial Protection. AXA's operations are diverse geographically, with major operations in Western Europe, North America and the Asia/Pacific area. AXA had Euro 1,315 billion in assets under management as of December 31, 2006. For full year 2006, IFRS revenues amounted to Euro 79 billion, IFRS underlying earnings amounted to Euro 4,010 million and IFRS adjusted earnings to Euro 5,140 million. The AXA ordinary share is listed and trades under the symbol AXA on the Paris Stock Exchange. The AXA American Depository Share is also listed on the NYSE under the ticker symbol AXA.

For additional information, please contact:

Lianne Braganza-D'Sylva
Asst. Marketing Manager, Gulf Region

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