U.S. Markets closed

Blog Exposure - ING Collaborates with AXA to Provide Insurance Products & Related Services

LONDON, UK / ACCESSWIRE / June 15, 2018 / If you want access to our free research report on ING Groep N.V. (NYSE: ING) ("ING"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ING as the Company's latest news hit the wire. On June 13, 2018, the Company announced that it has inked a long-term, multi-country bancassurance partnership with AXA, to provide insurance products and related services through a central digital insurance platform in six of ING's Challenger markets: Germany, Australia1, Italy, France, Czech Republic, and Austria. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, ING Groep most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ING

Details of the Collaboration

ING will leverage its leading digital banking experience; and AXA, its expertise in innovative modular insurance products and services, offering property & casualty (P&C), health and protection insurance solutions to serve ING's customers in Australia, Austria, Czech Republic, France, Germany, and Italy. ING and AXA teams will together develop personalized insurance products and relevant services, accessible via the ING mobile application, that meet the forward-looking needs of ING customers towards Living, Mobility, and Wellness.

ING's Partnership with AXA Adds an Important Dimension to its Ambition to Build One Customer-Centric Platform

Commenting on the announcement, Ralph Hamers, Chief Executive Officer (CEO) of ING, stated that the Company's partnership with AXA adds an important dimension to its ambition to build one customer-centric platform. The initiative will also contribute to diversify ING's income. Hamers added that the Company believes that between its leading digital banking capabilities and AXA's unparalleled insurance expertise, ING will be able to build an international platform of significant value to its customers.

AXA to Partner with ING to Deliver a Significant Step Change in Future of Digital Insurance Solutions

Thomas Buberl, CEO of AXA, stated that the Company is excited about the opportunity to partner with ING to deliver a significant step change in the future of digital insurance solutions, leveraging its joint digital capabilities and innovative assets, and providing a differentiated customer experience to address ING customers' protection needs. The partnership with ING represents a strong meeting of minds and a shared ambition of becoming a partner in customers' life journeys.

Buberl added that this is another key step in AXA's transformation, fully aligned with its payer-to-partner strategy. AXA will thus accelerate its growth in Europe and build innovative insurance solutions and services that have the potential of creating more frequent interactions with the customers.

ING Divested its Insurance Business in 2016

In April 2016, ING divested its insurance business by selling the last of its stake in NN Group, which is the biggest insurer in The Netherlands. ING sold 45.7 million shares of NN Group at a price of EUR 30.15 per share. The decision was in-line with ING's strategy to divest all of its insurance and investment management businesses as part of the EC restructuring agreement.

About ING Groep N.V.

Founded in 1991 and headquartered in Amsterdam, The Netherlands, ING is a financial institution that provides various banking products and services to individuals, small- and medium-sized enterprises, and mid-corporates. The Company operates in The Netherlands, Belgium, North America, Latin America, Asia, Australia, and the rest of Europe.

About AXA

Established in 1816, AXA is a French multinational insurance firm that engages in global insurance, investment management, and other financial services. The AXA Group operates primarily in Western Europe, North America, the Asia/Pacific region, and the Middle-East, with a presence also in Africa.

Stock Performance Snapshot

June 14, 2018 - At Thursday's closing bell, ING Groep's stock declined 2.12%, ending the trading session at $14.74.

Volume traded for the day: 3.06 million shares, which was above the 3-month average volume of 2.93 million shares.

After yesterday's close, ING Groep's market cap was at $57.42 billion.

Price to Earnings (P/E) ratio was at 9.80.

The stock has a dividend yield of 3.87%.

The stock is part of the Financial sector, categorized under the Life Insurance industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors