According to the company, Net Premium Income of N8.34bn, up 2 percent from N8.21billion in the same year. Investment and Other Income of N1.64 billion, down 32 percent from2.39 billion; Operating Expenses of N2.52bn, up 23% N2.05bn in March 2020, while profit before Tax of N2.92bn, up36% from N2.14bn recorded in March 2020 and profit after tax of N2.63 billion, up34 percent from N1.96bn in March 2020 Commenting on the results, the Chief Financial Officer,
Mrs. Ngozi Ola-Israel, said.
Our start to the year demonstrates the continued drive to deliver strong and sustainable results. We delivered 34 percent growth in PAT and 90 percent improvement in underwriting performance despite the uncertainties in the current business environment.
AXA Mansard Insurance plc. is pleased to announce the affirmation of its rating outlook by the global insurance rating agency, A.M. Best as stable and its Financial Strength Rating (FSR) of “B+” (Good) and “bbb-” (Good) for the Issuer Credit Rating (ICR).
A.M. Best in its press release stated that “The ratings reflect AXA Mansard’s balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The ratings also reflect rating enhancement from AXA Mansard’s ultimate parent, AXA S.A. (AXA group)”.
AXA Mansard Insurance remains an outstanding Insurer with strong financial strength and excellent underwriting capabilities.
AXA Mansard has announced winners of its just-concluded Data Science Week 2020 Hackathon event.
The Hackathon supported by Zindi Africa, is a private challenge event on data analytics opened to only AXA Mansard employees. The challenge which lasted for four days, had 21 data scientists enrolled and four on the leader-board. Three winners were announced by Tekedia Institute, a United States-based institution with a focus on business management and leadership development.
Speaking about the Data Science Week Challenge, along with other nine speakers from three continents, was the Chief Financial Officer and Chief Data Officer, Ngozi Ola-Israel, who explained that the challenge was geared towards driving the increased adoption of Machine Learning (ML) and Artificial Intelligence (AI) solutions in the organisation by empowering the employees of AXA Nigeria with relevant Data Analytics and Machine Learning skills needed for them to be more effective in their day-to-day task thereby brin
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AXA Mansard, a member of AXA, says winners have emerged in its just-concluded data science week 2020 Hackathon event.
In a statement on Friday titled ‘Insurer announces winners of data science Hackathon challenge week’, it said the event, supported by Zindi Africa, is a private challenge event on data analytics opened to only AXA Mansard employees.
The challenge, which lasted for four days, had 21 data scientists enrolled and four on the leader-board, it stated.
Three winners were announced by Tekedia Institute, a United States-based institution with a focus on business management and leadership development.
The Chief Financial Officer and Chief Data Officer, Ngozi Ola-Israel, explained that the challenge was geared towards driving the increased adoption of machine learning and artificial intelligence solutions in the organisation.