Recovery gives AIA a lift
Print Edition
THE AIA Group posted a 34 percent jump in the value of new business on China’s mainland by November 30, the company said yesterday.
As the mainland’s insurance market recovered last year, the value of new business — an indicator of future profitability of new policies — increased to US$166 million, the third-largest Asia-based insurer said.
The mainland market remained fourth in the value of new business after Hong Kong, Thailand and Singapore among AIA’s 17 Asian markets, the insurer said.
“We need to insist on a sustainable development model based on value” and not focus only expansion, AIA China CEO John Cai said.
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