AXA Philippines appoints new CEO

The Board of Directors of AXA Philippines has approved the appointment of Rahul Hora as the new President and Chief Executive Officer, effective April 1, 2016.


Rahul has over 15 years of experience in the insurance industry, spanning the Asia region. He first joined AXA in 2007 as the Regional Head of Distribution for AXA Asia Life, based in Hong Kong. He then joined AXA Philippines in 2009 as Chief Agency Officer, where under his leadership, the business value of the channel grew by more than 11 times, and the number of active advisors grew by more than 400%. In 2015, he was appointed as Chief Operating Officer where he was instrumental in driving the Digital Transformation of the company, supporting the ambition to become the number 1 customer centric insurer in Asia by 2020. He was also a member of the Board of Directors of AXA Philippines from 2012-2014.

Rahul is succeeding Rien Hermans, who joined AXA Philippines as President and CEO in 2009. After seven years at the helm, Hermans has decided to leave the company to pursue opportunities outside of AXA.

“The Philippines is a strategic market for AXA in Asia with a fast rising middle class and a very low insurance penetration rate. AXA Philippines has reported strong growth across all product lines and distribution channels since 2010 and I want to thank Rien Hermans for his commitment and efforts in driving the business in the Philippines,” said Benoit Claveranne, CEO for Life Insurance, AXA Asia. “On the back of a very strong partnership between AXA and Metrobank, Rahul and the teams will take AXA Philippines to new heights.”

Solomon S. Cua, Chairperson of the Board of Directors of AXA Philippines is very confident about the future ahead: “With Rahul’s appointment, AXA Philippines will continue the growth and expansion strategy that has been set out, and will continue to serve and protect the more than 811,000 lives we cover with our products and services, catering to their financial needs.”


AXA Philippines, one of the country’s largest and fastest growing life insurance companies, is a joint venture between the AXA Group and the Metrobank Group. It is currently the second largest life insurance company in the Philippines based on Total Premium Income. In 2015 Total Premium Income grew from P18.4 billion to P22.9 billion, a growth of 25%. Market share rose from 11.6% to 12.1% during the same period. Since 1999, AXA Philippines has focused on the life insurance business, providing solutions for savings and investments, health, education, income protection, and retirement.

At the end of 2015, AXA Philippines announced its intent to purchase Charter Ping An, the fifth largest non- life insurance company in terms Gross Premiums Written. Completion of the transaction is still subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to take place in the second quarter of 2016.

For more details, visit www.axa.com.ph