Paris, Nov 13 (EFE) .- The French insurer AXA today announced a "simplification" of its organizational structure that will mean giving "more power to operating entities" to apply your transformation plans.

In practice, you will operate through five geographical areas in which you have divided your business (France, Europe, the United States, Asia and International) and a simplified single corporate center, said in a statement.

This comes to replace the three levels that existed so far, one for the group headquarters, another for the lines of business and the third for the regions.

The "key transversal entities" will be managed together with the five geographical areas, and in particular the subsidiaries AXA Investment Managers (asset management) and AXA Corporate Solutions (insurance of large international risks), which will report directly to the company's CEO, Thomas Buberl.

This new The model will enter service in the first quarter of 2018.

Buberl was convinced that giving more power to operating entities is "essential" for the long-term success of AXA. that will allow to carry out its transformation in proximity with customers.

"The simplification of our organization is an absolute condition and the starting point of a large effort to make AXA more for all the parties involved, "added the CEO.