Insurance risk manager of the year: Axa

Axa moved early to address lapse risk concerns – now a pressing issue for the French insurance sector – and has also been vocal on regulatory change

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The Axa team (left to right): Frederic Suhit, Jean-Gabriel Pierre, Gilles Dauphine

European regulators finally hammered out an agreement on Solvency II at the end of last year, setting the clock ticking on a January 2016 start date for European insurers. But French insurance companies have had a more pressing issue to consider over the past year. With some European countries showing the first signs of an economic thaw, the likelihood is that interest rates will begin to tick upwards before long, creating a unique problem for the French insurance sector.

The issue centres on a

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