Why Vincent Parascandola Runs the Insurance World

When he left Mutual Life Insurance Company of New York to be his own employer, Henry Hyde had no idea that his startup would be the insurance giant it is, more than a century and half later. He originally named it AXA Equitable Financial Services but it has taken up several names before it went back to AXA Advisors. Now a global leader in insurance services including investment management and financial services, AXA advisors owes its rise to the top to the people who have been at its helm over the years. One of them is the current Senior Executive Vice President, Vincent Parascandola.

Humble Beginnings

Parascandola and AXA Advisors have many things in common. However, the most striking one is the fact that although their beginnings are a century apart, they were both humble. The company’s founder could never have dreamt of the fame and magnificence AXA Advisors enjoys today. On the other hand, no one would have thought that a young insurance agent freshly graduated from Pace University’s Lubin School of Business would one day become one of the people at the top of a global insurance firm.

Skill and Talent

If he had landed in another industry, chances are that Vincent Parascandola would not have gained as much success as he has today. He was simply made for insurance. Even as a young agent working for Prudential, his star shone over the others, and he was named the National Rookie of the Year in 1987 (the same year he began his career). He later worked for MONY Life Insurance Company, taking charge of various managerial roles of its local and regional field operations. As AXA Advisors’ Senior Executive Vice President, Parascandola is entrusted with various management responsibilities including revenue, financial service, employee recruiting and retention as well as productivity.

Bottom-line

With more than 25 years of experience in the insurance industry, Parascandola is a rare gem. His talent and managerial skills is something that any company (and any industry) should be proud of. He has accepted invitations to deliver key note speeches in various forums including the Pace University Commencement held in 2014. He has also won a number of recognitions for his management efforts, among them the Master Agency and Career Development Awards by GAMA.

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