AIA’s value of new business up 20 per cent in Q3

By THE NATION

 

Ng Keng Hooi, AIA’s group chief executive and president

 

AIA Group has announced a 20 per cent growth in value of new business (VONB) for the third quarter ending August 31, 2017.

 

Ng Keng Hooi, AIA’s group chief executive and president, said that AIA has delivered another strong performance in the third quarter with 20 per cent growth in value of new business to US$824 million. The excellent progress we have made so far this year demonstrates the scale and resilience of AIA’s extraordinary growth opportunities, the strength of AIA’s businesses and the successful execution of our clear growth strategy, he added. 

 

“Asia’s economic progress has been driven by large populations entering the workforce, generating sharply rising incomes and creating a rapidly growing middle-class. 

 

The compounding effect of this increasing affluence and shift in spending habits is leading to a step change in life insurance demand across the region. AIA is deeply committed to helping these millions of people meet their substantial and growing long-term savings and protection needs. We are uniquely placed in the right markets to achieve this and we have built significant capabilities over our long history in the region, from our distribution and product platforms to our leading brand and strong financial position.” 

 

Our focus continues to be on the strategic priorities that will sustain and build on these competitive advantages and make a material difference in shaping AIA’s future. I am confident that our teams will continue to deliver large-scale profitable growth by providing high-quality products and services to meet the evolving needs of our customers and generate sustainable value for our shareholders, Ng said. 

 

Source: http://www.nationmultimedia.com/detail/Corporate/30329788

 

 

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An insurance company talking <deleted> yet again.