What it does: AXA Philippines offers educational plans, health coverage, income protection, personal insurance, and savings and investments.
Best known for: being one of the pioneers of bancassurance operations and investment-linked insurance in the Philippines
Staff stats: more than 8,000 employees
Financials: Php2.9 billion in consolidated net income for 2020
The good bits: AXA Philippines offers above-average salaries for entry-level roles. The company also welcomes anyone with a four- or five-year degree to apply for jobs.
The not-so-good bits: Most entry-level jobs at AXA Philippines require at least one year of experience, except for financial sales executives.
AXA Philippines started in 1999 as a joint venture among AXA Group, GT Capital Holdings, and Metrobank. Since then, the company has rapidly grown as one of the biggest insurance providers in the Philippines.
Being one of the pioneers of bancassurance operations and investment-linked insurance, AXA Philippines caters to more than 1.5 million individuals. The company offers five primary insurance products:
In 2016, AXA Philippines expanded its operations by acquiring Charter Ping An. The acquisition allowed the company to provide a full suite of life and non-life insurance products including commercial, lifestyle, and motor insurance.
The company’s culture revolves around the One AXA Culture mantra. It strikes a balance between professional growth and personal well-being development. This becomes evident with different opportunities for employees to maximize their full potential.
AXA Philippines also fosters a healthy and interesting workplace environment by having 12 employee clubs:
In terms of work-life balance, most employees report to work during regular hours between Monday and Friday. Fresh grads should invest in business-style clothing because of the company’s dress code.
Insiders advise young new hires to prepare for a challenging workload driven by metrics, especially sales employees. As an example, AXA Philippines may reevaluate an employee for three months after being unable to hit sales targets.
AXA Philippines’ local and foreign competitors include Allianz PNB Life, BPI-Philam Life Assurance, Manulife Philippines, Pru Life UK, and Sun Life Philippines.
In 2021, AXA Group said that a ransomware incident affected its subsidiaries in Hong Kong, Malaysia, the Philippines, and Thailand. Cybercriminals reportedly stole 3 terabytes of data, including medical records.
AXA Philippines’ corporate social responsibility programs include youth development and volunteerism among employees. In 2016, the company sponsored the education of 10 children as part of its partnership with Young Focus.
AXA Philippines employees also volunteered in 2020 to support social advocacies in climate change, physical and mental health, and social inclusion amid the COVID-19 pandemic.
AXA Philippines offers few entry-level opportunities for fresh grads. Despite the limited options, the company’s competitive remuneration package still makes them an attractive employer.
Individuals with an inherent passion for customer service and sales are likely to succeed in their roles at AXA Philippines.
AXA Philippines has a profiling test that lets anyone decide their career path at the company. Once fresh grads determine their desired role, it’s easier for them to apply online when they create an account.
The company describes its application process as ‘fast, simple, and easy’. Applicants only need an e-mail and password to sign up on AXA Philippines’ careers site.
Previous applicants said that the company has a decisive process for interviews. An HR representative sends a text message to candidates for a scheduled phone call interview. Next, fresh grads should expect the phone call to last up to 15 minutes.
They should be ready to answer questions based on their CVs, personality, strengths, and weaknesses. AXA Philippines may only take one week to process internship applications.
Fresh grads may have to wait for up to 28 days to complete the application process at AXA Philippines. In general, the hiring process may involve up to five steps:
Applicants should prepare for questions about their academic background, personality, and skills. AXA Philippines may also ask for work samples depending on the role.
The average annual salary at AXA Philippines amounts to Php561,500. An entry-level employee’s actual salary may be lower, but it’s still above the average rate in the country.
For instance, financial sales executives may earn between Php17,000 and Php65,000 per month. Interns earn approximately Php340 per hour.
AXA Philippines’ benefits package includes dental and medical coverage, employee discounts, performance-based bonuses, and incentives.
Aside from internships, fresh grads can join AXA Philippines as management trainees. It’s easier for fresh grads to identify career prospects by remembering four distinct types of employees at AXA Philippines:
Most entry-level jobs at AXA Philippines require at least one year of experience, except for financial sales executives. The company welcomes anyone with a four- or five-year bachelor’s degree for the position.
Full-time employees comprise three primary groups: Commercial Business, Retail Business, and Control and Enabling Function. Each group is subdivided into several teams.
Several career options at the company contribute to decent employment retention. The median tenure at AXA Philippines is 3.8 years.