AIA Group has reported a 7% increase in new business value and completed strategic acquisitions to enhance its health insurance offerings in Asia.

Target Information

AIA Group Limited, one of the largest insurance and financial services companies in Asia, has experienced significant growth in new business value, reflecting a 7% increase compared to the previous year. The group's diverse business segments have all reported growth, highlighting the resilience and effectiveness of its distribution channels, which include a dedicated network of agents and partnerships.

In August, AIA successfully completed the acquisition of Hong Kong health insurance expert Blue Cross, followed by the announcement in September of acquiring MediCard, a leading Health Maintenance Organization (HMO) in the Philippines. These strategic moves aim to accelerate the development of AIA's comprehensive health strategy, enabling the provision of convenient, affordable, and efficient healthcare services to customers.

Industry Overview in Asia

The insurance industry across Asia is experiencing robust growth, driven by the increasing wealth of the populace and the low penetration rates of insurance products. Structural factors, such as limited social welfare coverage and enhanced awaren