AXA Insurance Signs 'Gender Balance Inclusive Growth Partnership' with Ministry of Gender Equality and Family

Expansion of the Proportion of Female Executives and Managers to Over 30% by 2022

Jill Fromazo, CEO of AXA Insurance (right), and Lee Jung-ok, Minister of Gender Equality and Family, are posing for a commemorative photo after signing the "Voluntary Agreement Containing Action Tasks to Enhance Gender Diversity within Companies" at the Government Seoul Office on the 18th. (Photo by Ministry of Gender Equality and Family)

[Asia Economy Reporter Ki Ha-young] AXA Insurance announced on the 19th that it has signed a 'voluntary agreement containing practical tasks for systematic development of female talent' with the Ministry of Gender Equality and Family.

At the signing ceremony held at the Government Seoul Office on the 18th, AXA Insurance CEO Jill Fromage and Compensation Headquarters Director Kang Gye-jung attended and discussed the company's efforts so far and future plans to raise awareness of gender equality and foster female talent within the company.

Through this voluntary agreement, AXA Insurance plans to expand the proportion of female managers at the executive and manager levels to over 30% each, and to expand and strengthen talent development systems to support career development. In particular, the company will share its experience operating systems and programs for gender diversity so that other companies can benchmark them.

AXA Insurance is a female-friendly company with over 60% female employees, pursuing gender diversity within the company and operating various activities and systems to strengthen the capabilities of female talent. To increase female managers, it operates a 'quota system' that maintains the proportion of female managers above a certain level, and supports attendance at the Asia Women Leaders Forum education for female managers and senior employees. In addition, to create a family-friendly culture, flexible work systems such as PC off policy and staggered working hours have been introduced, and systems such as spouse maternity leave and paternity leave are encouraged.

Jill Fromage, CEO of AXA Insurance, said, "Taking this agreement as an opportunity, we will demonstrate excellent best practices as a leading company driving gender equality culture in the industry," adding, "Through this, we will contribute to realizing a gender-equal and inclusive society."

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