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AXA launches new global healthcare proposition in Saudi Arabia

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 Insights

03-Dec-18 AXA has launched an international corporate healthcare proposition, the Prestige plan, in Saudi Arabia. The proposition allows members to use hospital networks and cashless facilities within the Kingdom as well as AXA's global network. [image: International Investment]

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AXA to pay USD662 mn for full control of China joint venture

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 Insights

27-Nov-18 French insurer AXA will pay USD662 mn for the remaining 50% stake in its Chinese joint venture, making it the second insurer in three days to announce plans for a wholly-owned company in mainland China, after Allianz. [image: Reuters / South China Morning Post]

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South Africa government losing millions to trade mis-invoicing

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 Insights

21-Nov-18 The South African government has lost an estimated USD37 bn from 'misinvoicing' between 2010 and 2014. The losses can be traced back to the practice of misinvoicing, where companies illicitly misrepresent the value of cross-border trade on an invoice. [image: Pymnts]

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American Express secures payments license in China

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 Insights

12-Nov-18 American Express has been granted preparatory approval from the People’s Bank of China for a clearing and settlement license in mainland China. Amex can begin building a network business to process domestic RMB transactions through its joint-venture in the country. [image: Beyond My Ken / Wikipedia]

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