Topic
Formerly part of the American International Group (AIG), which required a US government bailout at the height of the global financial crisis in 2008, Hong Kong-based American International Assurance (AIA) separated from the group in 2009. A plan for UK-based Prudential to buy AIA for US$35.5 billion fell through, and AIA held an initial public offering in Hong Kong in 2010, raising US$20.5 billion.
TOPIC
Formerly part of the American International Group (AIG), which required a US government bailout at the height of the global financial crisis in 2008, Hong Kong-based American International Assurance (AIA) separated from the group in 2009. A plan for UK-based Prudential to buy AIA for US$35.5 billion fell through, and AIA held an initial public offering in Hong Kong in 2010, raising US$20.5 billion.
- AIA, the HKT phone network and the Gleneagles Hospital launched their DrGo platform for customers to book appointments with the hospital’s doctors
- Patients can receive consultations and diagnosis via video on the platform, while medicine can be prescribed online and delivered within four hours
Hong Kong insurance sales are poised for their worst slump on record as Covid-19 travel restrictions prevent mainlanders visiting to buy policies.
Hong Kong insurance sales are poised for their worst slump on record as Covid-19 travel restrictions prevent mainlanders visiting to buy policies.
AIA Group is hopeful of new business rebounding as Covid-19 containment measures ease, especially in China where it is increasing its bet.
AIA Group is hopeful of new business rebounding as Covid-19 containment measures ease, especially in China where it is increasing its bet.
The cross-border insurance link, a key pillar of the Greater Bay Area’s financial integration, will be rolled out by year-end with the establishment of two services centres giving Hong Kong insurers greater access to mainland clients, say sources familiar.
The cross-border insurance link, a key pillar of the Greater Bay Area’s financial integration, will be rolled out by year-end with the establishment of two services centres giving Hong Kong insurers greater access to mainland clients, say sources familiar.
AIA, Prudential and HSBC Life believe Beijing’s ambitious economic integration plan will allow Hong Kong insurers to establish services centres in mainland China to support future sales growth.
AIA, Prudential and HSBC Life believe Beijing’s ambitious economic integration plan will allow Hong Kong insurers to establish services centres in mainland China to support future sales growth.
Hong Kong-headquartered insurer AIA has been given the go-ahead by Beijing to convert its Shanghai branch into a wholly-owned subsidiary incorporated in the mainland’s financial capital, which will allow it to operate and expand within the country much like a local company.
Hong Kong-headquartered insurer AIA has been given the go-ahead by Beijing to convert its Shanghai branch into a wholly-owned subsidiary incorporated in the mainland’s financial capital, which will allow it to operate and expand within the country much like a local company.
Up to 40 per cent of new business sales in China could be at risk of being affected as AIA still relies heavily on agents to sell policies, says outgoing CEO Ng Keng Hooi.
Up to 40 per cent of new business sales in China could be at risk of being affected as AIA still relies heavily on agents to sell policies, says outgoing CEO Ng Keng Hooi.
The British insurer needs to break up into two publicly listed companies focused on the US and Asia to boost shareholder value, said activist investor Third Point.
The British insurer needs to break up into two publicly listed companies focused on the US and Asia to boost shareholder value, said activist investor Third Point.
Banks, insurers and a lending platform in Hong Kong are seeing a surge in online transactions as the biggest health scare since 2003 puts the city’s readiness on trial.
Banks, insurers and a lending platform in Hong Kong are seeing a surge in online transactions as the biggest health scare since 2003 puts the city’s readiness on trial.
Alibaba (9988 HK) fell again, posting its third straight day of losses. Sa Sa International (178 HK), Hong Kong’s biggest cosmetics retailer, declined after announcing cost cutting measures as it reels from protests, trade war.
Alibaba (9988 HK) fell again, posting its third straight day of losses. Sa Sa International (178 HK), Hong Kong’s biggest cosmetics retailer, declined after announcing cost cutting measures as it reels from protests, trade war.
Swire Pacific falls after saying it expects to post a lower recurring profit for this year.
Swire Pacific falls after saying it expects to post a lower recurring profit for this year.
AIA’s results cap a strong first half for Hong Kong’s insurance industry, where sales of life and medical insurance policies to mainland Chinese policyholders rose.
AIA’s results cap a strong first half for Hong Kong’s insurance industry, where sales of life and medical insurance policies to mainland Chinese policyholders rose.
Teardown works are set to get underway this month at AIA’s Stubbs Road headquarters
Teardown works are set to get underway this month at AIA’s Stubbs Road headquarters
AIA Group, the largest listed life insurance company in Asia-Pacific, on Friday reported a worse-than-expected 60 per cent decline in net profit for 2018, on the back of losses in value of stock and property investments.
AIA Group, the largest listed life insurance company in Asia-Pacific, on Friday reported a worse-than-expected 60 per cent decline in net profit for 2018, on the back of losses in value of stock and property investments.
Eleven insurers told the Post that they have been approved to start selling plans in the government’s Voluntary Health Insurance Scheme.
Eleven insurers told the Post that they have been approved to start selling plans in the government’s Voluntary Health Insurance Scheme.
The man who won 115 England football caps, has 54 million Facebook likes, and who’s family fortune is now worth a cool US$400 million, has a remarkably simple formula for happiness
The man who won 115 England football caps, has 54 million Facebook likes, and who’s family fortune is now worth a cool US$400 million, has a remarkably simple formula for happiness
From a humble upbringing in Guandong, to the peak of the Hong Kong life insurance community, Alwin Lam shares his thinking on what has made the sector a vital ingredient in Hong Kong’s financial scene
From a humble upbringing in Guandong, to the peak of the Hong Kong life insurance community, Alwin Lam shares his thinking on what has made the sector a vital ingredient in Hong Kong’s financial scene
Net profit was down more than 50 per cent year on year to US$1.66 billion – a bigger drop than expected by Bloomberg analysts
Net profit was down more than 50 per cent year on year to US$1.66 billion – a bigger drop than expected by Bloomberg analysts
Pan-Asian life insurer ready to expand in China as soon as government liberalises sector
Pan-Asian life insurer ready to expand in China as soon as government liberalises sector