Axa looks to 94% combined ratio goal
Axa's new four year strategic plan will aim for its global non-life business to post a global combined ratio within the 94-5% range by 2020.
In 2015 the company posted a 96.2% combined ratio.
The over-arching plan, titled ‘Ambition 2020' also envisages an adjusted return on equity of between 12 percent and 14 percent over the period 2016
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