Insurer Axa is fined €675,000 by Central Bank
Firm rapped over breaches of staff competency standards
Insurance company Axa has been fined €675,000 and reprimanded by the Central Bank for breaches of its consumer code and minimum competency standards.
In a statement, the Central Bank said Axa Insurance failed to ensure that certain individuals working for the company referred requests for information and advice to an appropriately accredited individual, and also failed to ensure that some employees were supervised by an appropriately accredited individual. These breaches occurred between January ...
