AIA Group Limited has delivered record value of new business of US$1,188 million for the year ended 30 November 2012, across the 16 markets in which the independent life insurer operates in Asia-Pacific.
Commenting on the record results, AIA Australia CEO, Peter Crewe, said: “AIA Australia continues to support AIA Group’s strong results and record performance as AIA leverages its leadership position in the world’s fastest-growing insurance markets. These results reinforce AIA’s strength in Australia and across Asia-Pacific, as the leading pan Asian, independent life insurer.”
AIA Australia cements position as #1 in group and fastest growing in retail
According to the September 2012 Plan for Life market overview report* , AIA Australia achieved 9.7% annual growth, maintaining its position as the number one group life insurer by market share and the title of fastest growing retail life insurer.
For individual risk lump sum sales, AIA Australia achieved annual growth of 48.3%, outstripping the market growth rate of 15.6%. As a result, total lump sum Inflows grew by 24.3%, more than double that of the market.
“The last three years have been exceptionally strong in terms of performance and growth for AIA at a group level and here in Australia and we are continuing to invest in the business to ensure we support the needs of our partners and clients. Our independence and unwavering commitment to our partners in the group, retail and direct markets continues to be an attractive proposition. We’re ultimately focused on helping people lead healthier lives, to prevent illness and injury and support Australians in their time of need,” Mr Crewe concluded.
