“Insuring The World”
Health, protection and asset management underpin KTAXA’s business.
Krungthai-AXA Life Insurance Public Company Limited (KTAXA) was established in 1997 in Bangkok, Thailand. The company was created from a solid co-investment partnership between Krungthai Bank Public Company Limited and the AXA Group, global financial protection and asset-management specialists.
KTAXA’s sustainability strategy spans a wide range of themes and issues, including climate change, health risk prevention, economic development and harnessing data for the benefit of society. In its ongoing efforts to address important environmental, social and governance concerns, KTAXA focuses on specific key issues including its reduction of carbon footprint, divestment from coal and tobacco and implementing activities to better address climate risk. As a company in the life insurance business, it is constantly expanding its health risk prevention efforts through the introduction of new products and services, community activities and strategic partnerships, particularly with local alliances and hospitals. The company also fosters sustainable community care programmes that support self-reliance and the ability to earn a livelihood without being dependent on external sources.
The company considers its employees its greatest asset and strives to be a responsible employer, placing employee engagement at the heart of its business strategy.
Corporate responsibility and sustainability continue to be a key driver of business value. Its focus on health, climate change, employees and community care contributes to KTAXA’s growth by facilitating access to new markets, expanding the reach of existing offers and influencing the way it innovates. Responsibility towards these issues is also an important part of its profitability and positioning, justifying a market premium and securing its status as an employer of choice. All of KTAXA’s community programmes are measured using the Dow Jones Sustainability Index questionnaire, a self-assessment tool that analyses more than 70 factors related to a broad set of sustainability criteria.
Through its ‘Hearts in Action’ program, the company actively promotes volunteering and encourages all staff to donate their time, skills and generosity to the many CSR activities, that help build sustainable communities around Thailand. In 2019, KTAXA employees carried out over 9,161 hours on its community outreach programmes.
As a responsible employer, KTAXA created a workplace built on values that fosters diversity and equal opportunities for all, promotes employee participation, encourages professional development and supports employee well-being. The top three things its employees value most about the company include: the care afforded to its employees and their families through the excellent benefits provided; the training and development opportunities; and the inclusive workplace culture that promotes a safe environment for all.
KTAXA provides excellent benefits to its employees including health benefits for employees and their dependents (including parents), maternity leave of 112 days and paternity leave of 28 days, and well-being benefits such as memberships to sports clubs.
Training and development programmes are provided and tailored to all employees at all levels from executive level to employees. Some examples include leadership and management development programmes, investment and actuarial training, talent development programmes, sales training, advanced occupational health and safety training, green, yellow or black belt certifications, project management training and an English study programme.
KTAXA’s culture is a family-like atmosphere where everyone feels at home, is treated with respect and is rewarded and recognized for their achievements. The company creates an environment in which its people find value and meaning in their work, and are connected by KTAXA’s core values of Care, Integrity, Customer First and One AXA.
KTAXA encourages volunteering and supports sustainability. KTAXA employees are keen on corporate responsibility, leading to the creation of the Hearts in Action programme in which they are able to donate their time, skills and generosity. The programme works on projects addressing key social and environmental issues around the world. In 2019, KTAXA employees carried out over 9,161 hours on its community outreach programmes.
“Its focus on health, climate change, employees and community care contributes to KTAXA’s growth by facilitating access to new markets, expanding the reach of existing offers, and influencing the way it innovates”.
Shanggari Balakrishnan, Chief Executive Officer, MORS Group
“KTAXA’s sustainability strategy spans a wide range of themes and issues, including climate change, health risk prevention, economic development and the use of data for the benefit of society, which helps its ongoing efforts to address important environmental, social and governance concerns”.
Dr. Jayanthi Desan, Lead Jury, ACES Awards