Axa targets cost savings of €2.1bn by 2020
Insurer aiming for 3%-5% growth in property and casualty revenues between 2015 and 2020.
Axa Group has today revealed its strategic plan, 'Ambitions 2020', for the next five years including targeting growth in its commercial lines, adding that it would accelerate development in its high growth countries.
For commercial lines in property and casualty Axa said it expects revenues to grow by three to five percent over 2015 to 2020, while the current year loss ratio should be at 70 percent by 2020.
In addition, the all year combined operating ratio (COR) over the course of the five
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