Axa is restructuring its life activity

Axa Suisse is planning to transfer a collective life insurance portfolio worth 31 billion CHF (31.56 billion USD) to local organizations of supplementary pensions. This operation is likely to trigger an additional cost of 400 million CHF (407.28 million USD) in the first half of 2018. It will, nonetheless, make it possible to reduce needs in capital by 2.5 billion CHF (2.25 billion USD) by 2019.

The subsidiary of the French insurer is therefore intent on improving its profitability in a Swiss market subject to strict regulation and low interest rate.

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