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Accelerating

our Digital
Transformation
Meeting with Interbrand
San Francisco - May 19th, 2014

1
WeWork

 US largest and fastest-growing provider of


shared working space and services for
entrepreneurs, freelancers, startups, and
small businesses
 A network of 10,000+ like-minded business
people around the country

 Founded in 2010

 21 offices in the US + 1 in London

 In San Francisco: 130+ startups, 600


persons under one roof in an open-space
inaugurated in June 2013 by SF Mayor Ed
Lee

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WeWork

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Silicon Valley: the epicenter
of a unique innovation ecosystem

of the Top 100 most innovative

80 %
companies in the world have an
innovation lab in Silicon Valley

Source: BCG Innovation Report 2013

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San Francisco now attracts more
venture dollars than Silicon Valley

The San Francisco metro attracted nearly 60% more venture capital
($8.5 billion) than the SV region ($5 billion)

7 Interbrand visit @AXA Lab Source: Martin Prosperity Institute, March 2014
Paranoia is the new norm

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Paranoia is the new norm

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Speed is the new currency

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“You should try to have a clear vision, to trust your teams, delegate and show a
high reactivity, and organize the company as a shoal instead of a whale.
A fishes’ shoal has a real homogeneity; it has the ability to withstand shocks and
transform. Unlike a whale, for which a single mistake can be fatal.”

- Henri de Castries in Les Echos - April 23, 2014


Accelerating our transformation:
The new sourcing funnel
Detect
Partner
AXA LAB Build

External AXA Seed Factory Hackathon


AXA Innovation
Campus

AXA Tech AEL


Data Innovation Lab

Digital Agency
Internal

Culture / Talent
AXA Digital Academy Digital Strategy Start-in program
& Big Data Chair (HEC)
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Agenda

1. AXA Lab
2. Data Innovation Lab (DIL)
3. AXA Innovation Campus
4. AXA Tech Advanced Engineering Lab (AEL)
5. AXA Seed Factory
6. AXA France Hackathon
7. Start-In Program
8. Digital Strategy & Big Data Chair (HEC)
9. AXA Digital Academy
10. AXA Digital Agency

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1. AXA Lab

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What it is

 The digital innovation sourcing unit of AXA

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Missions
Connection • Act as a gateway with all the
tech players from Silicon
Valley
1

Detection
• Detect latest trends to
Pilot 4 Lab 2 leverage and interesting
startups to work with
• Launch new initiatives • Spot talents, whom we
with local AXA teams, could wish to integrate
which can be replicated within our teams
across our geos

3 • Develop new training formats within AXA


University to foster digital culture among
Culture our teams and elevate the expertise of our
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First milestones
Official creation
of AXA Lab Opening of
AXA Lab @ WeWork
Learning expedition to
Silicon Valley for GMD Corporate Meeting
Mgmt. Committee Global in San Francisco
Partnership

Custom Audience
POC in France
AXA US (CVC project)
Top 500
Influencers
Start-In program (design of a new global in-house innovation program)

Digital Academy (support to global L&D team)

Corporate Meeting (sourcing of potential companies, startups & speakers)

Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun.


2013 2014

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First collaborations with startups

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First collaborations with startups

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First collaborations with startups

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Close encounters of the third kind…

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Close encounters of the third kind…

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2. Data Innovation Lab
What it is

 A team of data experts tasked to:

 Leverage proactive and meaningful use of data for the benefits of AXA business

 Support the entities in defining their Big Data use cases, finding partners, and propose
a test and learn approach

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Missions

Explore & Test Process


Discover/ create the Capture data from sources
mines and sources of and develop usable and
data and check enriched information
relevance and available for our core
availability system

DIL

Distribute Refine
Transform knowledge Extract valuable
into business value knowledge from
information

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3 examples
Description Entity Benefits

AXA Life Japan: Better


Call Center Transforming call center
understand the key drivers to
Speech retention using existing data
recordings into data, and
analytics which are not structured nor
detect retention levers.
used today to increase
Retention
retention.

AXA France: Provide


Connected actionable insights on
Use AXA Drive App to Customers behaviors and
Device collect driving behavior increase their satisfaction
Telematics - data. through new services.
Servicing Enhance existing capabilities
of the app.

Synchronize information AXA France, AXA Banque,


Contextual gathered by different AGD, Switzerland, Mexico:
Media Buying and partners, enhance Media Retargeting campaigns, Real-
Customer Buying capabilities and Time Bidding campaigns,
Acquisition Real Time Creative assets. Unified Customers Platform.

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3. AXA
Innovation Campus
What it is

 The AXA Innovation Campus is a program designed to help innovators,


entrepreneurs and change agents to fund their innovative business ideas

 It is jointly developed and managed with Christoph Bertsch (self made high-
tech entrepreneur and Investor with 17 companies and over 800 employees)
and his network of founders and entrepreneurs

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Objectives

 Identify and manage innovative business ideas/ startups within the insurance
industry

 Invest in interesting business ideas and taking part in their development and
scaling phase

 Leverage the insights from the investments internally

 Strengthen AXA’s image as an “innovative insurer” within the industry and as


“innovative company” outside the industry

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5 areas of investment

1 5

eHealth Retirement

AXA
Innovation
Campus
4
2
Lead
Big Data
Generation
3

Mobile

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Framework

Access #1
Bertsch Innovation
Founders are Group (BIG) Access #2
able to upload
their ideas on Founders are
the homepage also able to
of the Innovation upload their
innovation ideas directly
Campus (AIC)
campus which via AXA
is carried out by Innovation
Cooperation agreement Campus’s
the Bertsch Insurance Innovation
Innovation Konzern AG homepage
Campus GmbH (IIC)
Group for AXA

Start-up 1 Start-up 2 Start-up n

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The AXA Innovation Campus
website

 A 2-door web-access

 Through this platform, internal (employees of AXA Germany) and external


innovators will be able to submit their ideas
 Launch due in June 2014

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4. AXA Tech Advanced
Engineering Lab

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What it is

 A dedicated AXA Tech Business Unit

 A small team of AXA Tech employees (3 to 5*) based in Lausanne on the EPFL
campus collaborating with over 2,000 Engineering students and renowned
Professors

* Plus hosting capabilities for 8 to 12 additional STA employees from the Group

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Missions

 Reinforce AXA Tech’s capabilities to identify and develop state-of-the-art IT


solutions (Security, Green IT, L&D…)
 Provide the AXA Group with a technological intelligence presence in Europe
working closely with the AXA Lab
 Accelerate AXA Tech’s transformation (people and innovation culture)
 Attract young digital talents

 Facilitate access to EPFL’s research capacity for other AXA entities

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A strong partnership with EPFL

A leading University
• Public institution founded in 1969
• Covers disciplines ranging from the Basic
Sciences to Engineering, Architecture and the
Life Sciences
• 5 Schools, 2 Colleges, 27 Institutes, 340
laboratories, 329 faculties
• 9,868 students of over 125 nationalities
• EPFL rated world’s No. 2 university in the 2014
Times “Higher Education 100 Under 50” ranking

A real innovation ecosystem:


• 156 start-ups established between 2000 and
2012 (more than one new start-up/ month on
average)
• 110 invention disclosures
• 75 priority patents filed

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5. AXA Seed Factory
What it is

 A €10M seed fund investing in start-ups in mobile and internet services related to
insurance and banking businesses.

 Its sweet spot consists in closing the “Equity Gap” between the funding of
Business Angels and the one of Venture Capital Firms.

Revenues (€)

Investments (k€)

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AXA Seed Factory

https://www.youtube.com/watch?v=rNU_9o7lxw4

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5 areas for investments

Users
take
control Sharing
Economy

Insurance &
Bank as a
SoLoMo service
Internet
Of
Things
Crowd
Funding

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A first partnership with Withings

 AXA Seed Factory and


Withings launched a call
for projects to start-ups
that develop innovating
services in connected
objects in the sectors of:

 Individualized Medicine
 Silver Economy
 Big Data

 The most innovating


project(s) with a viable
business model will be
supported by AXA Seed
Factory in a form of a seed
investment

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6. AXA France Hackathon
What it is

 The first Hackathon ever at AXA, on the topic of:


“Reinventing Customer Service”…

 … leveraging the Salesforce 1 API…

 … and gathering 4 complementary partners:

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Objectives

 Identifying new ideas and innovative ways to implement them

 Discovering talents and building a network of start-ups

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#hackAXA

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The results

 210 participants registered

 170 developers at the beginning of the WE (the younger was 11-yo!)

 120 developers at the end

 26 ideas pitched on Sunday night to the 7-member jury

 7 nominees

 3 winners

 93% satisfaction rate

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7. Start-in program
What it is

 An crowdsourced ideation program

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Objectives

 To foster our innovation culture and capabilities by:


 Focusing employees creativity on key business challenges that need to be
addressed to prepare AXA’s future
 Encouraging worldwide collaboration among all employees by giving them
the possibility to share ideas, comments and votes on everyone’s ideas
 Delivering tangible results by prototyping the most promising global solutions
and accelerate quick-wins identification and implementation

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Start-in program

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Start-in program

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8. The Digital Strategy
& Big Data Chair
(HEC) 52
Digital Strategy & Big Data Chair

“This partnership illustrates our belief that talents are essential for our digital
transformation, and we are very much looking forward to working, learning and
building alongside HEC’s students, and to benefit from their international
diversity.”
- Veronique Weill , AXA Group COO
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Objectives

 Develop courses on the issues of digital innovation and Big Data in large
companies

 Expose students to the digital operational issues of large firms

 Confront the generation of “digital natives” with offers and products from AXA,
and gauge their reactions

 Attract talents

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9. AXA Digital Academy

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Accelerate digital awareness

• From a single curriculum… • … To a real Digital Academy

AXA Digital AXA Digital Digital Acceleration


Leaders Leaders Programs

Reverse COOC
Mentoring Platform

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10. AXA Digital Agency
What it is
 The digital agency is a set of multidisciplinary teams
 Marketing
 Technical (interacting with digital factories from AGS)
 Design (interacting with the best creative agencies)

 The digital agency produces incremental and customer-


centric innovation
 Customer Feedback Learning Loop
 Excellence in User Experience
 Agile Software Factories

 The digital agency operates in a Lean Startup way:


 User stories targeted towards customer pain points
 Minimum Viable Product (fail fast to succeed sooner)
 Continuous improvement through customer feedback
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Missions
The Digital Agency is a supplemental process to accelerate the delivery of
AXA’s Digital Strategy
Group (€€€)
Similar to IBM’s
GMD – FOK
Regional Digital Agency (First of a Kind)
Directors program
1
2 FOK (pilot)

Grow & Deploy


Entities Development process
AGS & AXATECH Ops

1 The Digital Agency builds software assets that are required by at least one entity
and that may be reused by others

2 The Digital Agency facilitates the delivery of the AXA Group Digital Strategy,
through expertise (skills) and tools (assets)

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Examples

 eClaims & Contracts Panorama

 AXA.xx - Innovative CMS


& Web Sites Factory base
on open-source
ngage
 AXA Drive
ummari e
Automati
e

Owned
Launch : Responsive English
First .axa & multi-
& earned
April, 23rd website devices & media
French only

onitor Analy e ntegrate


3 833
sessions 30 000 pages viewed first week
 .axa
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Accelerating our transformation:
The new sourcing funnel
Detect
Partner
AXA LAB Build

External AXA Seed Factory Hackathon


AXA Innovation
Campus

AXA Tech AEL


Data Innovation Lab

Digital Agency
Internal

Culture / Talent
AXA Digital Academy Digital Strategy Start-in program
& Big Data Chair (HEC)
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Conclusion:
What is at stake for us?

Relevance Agility Culture

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Guillaume Cabrère
Director, AXA Lab

Thank You!
guillaume.cabrere@axa.com
+33 6 84 93 20 77
@axalab

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