It will surely take a lot to make AXA – the world’s second biggest insurance company by net premiums written, according to A.M. Best – tremble at the thought of competition... but if chief executive Thomas Buberl’s words are anything to go by, it looks like insurers better be looking over their shoulders for the likes of Facebook and Google.
In an interview with the Financial Times, the insurance boss cited these large technology firms as the industry’s future competitors, given their advantage when it comes to data.
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