High risks should bring high rewards. Europe’s second biggest insurer, Axa, is beginning a radical and risky overhaul of its business model and staff under a new, little-known chief executive, Thomas Buberl. The industry may have little choice but to try to change how it... But the challenges for the industry are reflected in the fact that Axa’s new strategic plan has lower earnings-growth and return targets than its last one.

Source: Wall Street Journal June 21, 2016 13:57 UTC