by AIP Online Bureau | Aug 2, 2024 | International News, Life, Regulation, Risk Management
The lapses resulted in some customers who were “politically exposed persons” failing to be picked up during the screening process. That led to delays in identifying their source of money and wealth, it added. However, no policies were sold to clients who should not...
by AIP Online Bureau | Jun 8, 2024 | International News, Life, Non-Life
Lee Yuan Siong,group chief executive and president, AIA “In every corner of the world, we are facing increasingly complex risks covering ageing, health, climate and technology” Lee Yuan Siong ZURICH: The Geneva Association announces on Friday that Lee Yuan...
by AIP Online Bureau | Aug 8, 2022 | Eco/Invest/Demography, International News, Life
The office would mark the insurer’s commitment to expand in China despite economic headwinds from stringent Covid restrictions. AIA became the first wholly owned foreign life insurer in the country after turning its Shanghai branch into a subsidiary in 2020, paving...
by AIP Online Bureau | Mar 13, 2022 | International News, Life
The Asia-focussed insurer’s value of new business or VONB, which measures expected profit from new premiums and is a key gauge for future growth, rose to $3.37 billion for the year ended Dec. 31, from $2.77 billion a year earlier China and Hong Kong accounted...
by AIP Online Bureau | Mar 8, 2022 | International News, Non-Life, Reinsurance
BEA agreed to sell its medical, travel and general insurance services unit Blue Cross (Asia-Pacific) Insurance and all of its 80% interest in healthcare services unit Blue Care JV (BVI) Holdings to AIA to generate value for shareholders. Asia-focused AIA’s largest...
