The AIA Group meets the protection, savings and investment needs of individuals by offering a comprehensive suite of products and services covering accident and health insurance, life insurance and retirement planning. It also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of more than 260,000 agents and over 21,000 employees across Asia Pacific, the Group serves the holders of over 23 million individual policies and over 10 million participating members of group policies.
The Group has operations in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei and India.
The AIA Group is a market leader in the Asia Pacific region based on life insurance premiums, and holds number one positions in six of its geographical markets. Due to its historical roots in Asia, the AIA Group has built a network of mainly wholly-owned businesses operating as branches or subsidiaries. Only in India, where legislation restricts foreign ownership of insurance companies to 26%, is the Group’s main operating unit a joint venture.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited.
AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia Pacific region (ex-Japan) based on life insurance premiums, and holds leading positions across the majority of its markets. It had total assets of US$119,494 million as of 31 May 2012.
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The AIA Group meets the savings and protection needs of individuals by offering a comprehensive suite of products and services including retirement planning, life insurance and accident and health insurance. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents and employees across Asia Pacific, AIA serves the holders of more than 24 million individual policies and over 10 million participating members of group schemes.
The AIA Group is a market leader in the Asia Pacific region based on life insurance premiums, and holds number one positions in six of its geographical markets. Due to its historical roots in Asia, the AIA Group has built a network of mainly wholly-owned businesses operating as branches or subsidiaries. Only in India, where legislation restricts foreign ownership of insurance companies to 26%, is the Group’s main operating unit a joint venture.
AIA is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) being traded on the OTC market (ticker symbol: “AAGIY”).
AIA Heritage
In 1919, a young American with a passion for enterprise, Cornelius Vander Starr, opened a small insurance agency at 15 Nanking Road, Shanghai. His "enterprise" soon extended to life insurance with one simple business idea: people in Asia would find insurance attractive because of their desire to care for their family and be prudent.
AIA continued to increase its footprint in Asia with the establishment of branch offices in Hong Kong and Singapore in 1931. When AIA entered Malaysia in 1933, Asia was in the grip of the Great Depression. Its 1938 establishment in Thailand was during the same decade that a constitutional monarchy was formed. In Indonesia, AIA was founded in 1951 as Indonesia was emerging as an independent nation. Again, AIA opened in South Korea at a pivotal time, 1987, as the reform era dawned and Seoul prepared to host the Summer Olympics Games.
Focusing on customers' needs has always been the AIA Group's priority. In anticipating our customers' changing needs, AIA has scored several 'firsts':-
Australia: First life insurer to successfully launch an electronic application process to customers
Brunei: First life insurer to promote investment-linked policies and bancassurance
China: First wholly-owned foreign life insurer to receive an operating licence
Hong Kong: First life insurer to provide policyholder services through Voice Response System
India: First life insurer to launch health insurance product
Indonesia: First life insurer to provide customised distribution models for bancassurance partners
Macau: First service provider to offer internet inquiry and fund switching service to pension fund scheme members
Malaysia: First life insurer to receive the International Takaful operator licence
New Zealand: First life insurer to offer key person benefit to businesses
Philippines: First life insurance company in the country to introduce ground-breaking insurance products such as the first principal-protected variable life product, first variable life product with High Water Mark (HWM) or highest daily value lock-in feature, first variable life product without a premium charge, and the first health insurance product with coverage up to age 100
Singapore: First life insurer to set up a Financial Health Check Academy to train AIA agents
South Korea: First life insurer to offer full in-hospital product and non-participating product
Taiwan: First life insurer to launch guaranteed issue senior life insurance product
Thailand: First life insurer to offer a unit-linked product
Vietnam: First wholly US-owned life insurer to receive an operating licence