AIA Hong Kong and Macau’s Post

PREMIUM DATA FOR ALL GENERAL INSURERS FOR AND UPTO JUNE 2024 👉 Raheja QBE does consecutive double- triple digit growth. 👉 8 insurers registered a 30%+ growth rate - #sbigeneral #care #nivabupa #bupa # adityabirla #shriram #kotakgeneral #zuno #raheja 👉 Iffco tokio and Liberty take hits in new business for successive months. 👉 The sub sector registered an avg 22 % growth for the first quarter. #irdai #generalinsurance #insurance

Experience Next Level Digital Transformation and More Success Factors ITC DIA Europe Amsterdam 2024 is just a few months away, but we can already share with you some of the insurance companies attending the event! Virtually all multinationals are already registered, but there are also many innovative domestic players from every corner of Europe and beyond. Attending ITC DIA Europe Amsterdam means you’ll gain access to premium networking opportunities with executives and decision-makers at major insurance companies, such as Allianz, Aon, Generali, Zurich Insurance, Nationale-Nederlanden, and many more. Want to connect with these companies in Amsterdam? Buy your tickets here: https://lnkd.in/e-Rcqv34 #insurtech #insurance #innovation  #ITCDIAAMS Aegis AG2R LA MONDIALE Ageas Arch Insurance Group Inc. a.s.r. verzekeringen AXA Bovemij Covéa Coverys Dai-ichi Life Vietnam DELA België Chubb DKV Belgium Ergo Flood Re Gallagher Re Gjensidige Greenlight Re Groupama GVB Privatversicherungen AG HDI Group Hiscox INTERAMERICAN KPT - Die Krankenkasse mit dem Plus LB Forsikring Legal & General LIGA INSURANCE (RGS-Armenia) Marsh MassMutual Merkur Versicherung Movir MS Amlin Verzekeringen PRECURA Assurances PZU Qatar Insurance Group

【AIA Hong Kong - the undisputed market champion in 2023, achieving 10 market share No. 1. The Hong Kong & Macau business being the largest contributor to AIA Group's VONB in 2023】 Thanks to our customers’ trust and support and our teams’ dedication, AIA Hong Kong achieved 10 market share No. 1 in the 2023 Provisional Statistics on Hong Kong Long Term Insurance Business^, leading the industry as the undisputed market champion. The Hong Kong & Macau business also delivered exceptional business performance with growth on multiple fronts in 2023 – Value of New Business (VONB) up 82%, Annualised New Premiums (ANP) up 123%. Our business made the largest contribution to AIA Group’s VONB. Watch the video to learn more! #AIA_Aspire #AIAHongKong #HealthierLongerBetterLives ^ Provisional statistics of the Insurance Authority on Hong Kong long-term insurance business from January to December 2023. The policies refer to Direct New Business and Direct Inforce Business of Individual Life, Annuity and Linked Individual (Classes A & C) and Other Individual Business (Classes B, D, E&F).

Having recently made the transition from Manulife, where I gained 2.5 years of valuable experience, to join AIA Hong Kong, I'm often asked about the reasoning behind my decision. While the answer is straightforward - AIA's No.1 in the market - it's crucial to understand the significance this holds for both myself and my clients. Let me explain more. 🤗 As we are aware, insurance companies invest the premiums collected from clients and provide returns after a certain period, enabling them to generate revenue. The size of the company's asset pool plays a pivotal role in ensuring stability and minimizing investment risks. Being part of AIA, with its substantial asset pool, empowers me to offer my clients an enhanced level of security and peace of mind. Furthermore, the strong branding of AIA holds immense importance. With a high reputation in both Hong Kong and China, the AIA name carries significant weight. This means that as a representative of AIA, I don't have to spend precious time explaining which company I come from, especially when compared to working for smaller or mid-sized firms. By aligning myself with AIA, I can leverage our esteemed reputation, extensive resources, and industry expertise to provide exceptional service and tailored financial solutions to my clients. 😎 If you're interested in exploring how AIA's market leadership and esteemed brand can benefit you and your financial goals, let's connect and embark on this journey together. ☕

In our latest Client Update, Partners Ahmad Fikri Assegaf and indira yustikania discuss the recent issuance of OJK Regulation No. 11 of 2023, paving the way for the spin-off of sharia units within insurance and reinsurance companies in Indonesia. With extended deadlines, mandatory spin-off provisions, and incentives, the regulation aims to enhance industry resilience and competitiveness while promoting compliance. Companies must strategically plan spin-offs to navigate regulatory requirements and capitalise on provided incentives for sustainable growth.   Read the full update at https://lnkd.in/g9M4dDrM Stay connected with Rajah & Tann Asia for Insights across Asia: Rajah & Tann Asia: Overview | LinkedIn   #AHPClientUpdate #AHP #Sharia #Insurance #Indonesia #LawyersWhoKnowAsia

In today's rapidly evolving business landscape, leadership plays a crucial role in driving organizational success, no matter the size or sector. This sentiment rings true for companies such as Prudential Indonesia, a leading player in the insurance industry. Speaking to The Jakarta Post in a recent interview, Prudential Indonesia’s current president director Michellina Laksmi Triwardhany said as a leader, her drive comes from her wish to boost the financial resilience of Indonesians. #business #insurance #financial #resilience #customerfirst #insights Prudential Indonesia (PT Prudential Life Assurance) Michellina Laksmi Triwardhany

Indonesia is the largest digital economy in South-East Asia, offering incredible opportunities for digital insurance products which can dramatically improve insurance penetration. LeapFrog partner Fernanda Lima shared an interview alongside PasarPolis leaders Cleosent Randing and Peter Van Zyl, detailing why we're excited about the Indonesian market and the progress of PasarPolis. As journalist Georgina Lee writes: "Lima believe that the best way to tap the market's opportunity is to gradually expand the current suite of general insurance products..." Read the full story from Insurance Asia News here: https://lnkd.in/g4jpgSXd #insurtech #indonesia #financialinclusion

♦️Excitement is building as the 23rd Asia Bancassurance Summit, kicks off today in Jakarta! Asia Insurance Review ♦️Many professionals will take the stage tomorrow to ignite discussions that will shape the future of bancassurance. #AsiaBancSummit #insurance

𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡: 𝐇𝐨𝐰 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬 𝐀𝐫𝐞 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝'𝐬 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐒𝐞𝐜𝐭𝐨𝐫   Since interest rates began to fall after 2014, the Thai insurance sector has struggled with spread-based products that have failed to keep up. Nearly a decade later, the industry still faces challenges. What’s holding Thai insurers back?   We explored the financial landscape of Thai insurance companies, focusing on two crucial metrics: Year-to-Date (YTD) Growth and Rolling 12 Month Annualized Premium Equivalent (APE) Growth. Here’s what we discovered:   In the competitive Thai insurance market, AIA and FWD Thailand are paving the way with distinct strategies and impressive results. FWD Thailand is redefining insurance with a customer-centric approach focused on simplicity, transparency, and technology. Their "Celebrate Living" campaign showcases this innovative strategy, emphasizing clear communication and accessible services. Additionally, FWD's strong presence in bancassurance and agency channels has driven an 18% rolling 12-month annualized premium equivalent (APE) growth.   AIA Thailand, on the other hand, dominates the market with a 25.64% market share and a network of over 50,000 agents. In 2023, AIA achieved a 21% increase in the value of new business, reaching approximately $720 million. AIA's financial strength is further reflected in its positive growth in key metrics such as Value of New Business (VONB) and Operating Profit After Tax (OPAT), demonstrating robust performance .   AIA leverages its market position and financial strength, while FWD focuses on customer-centric innovation and effective distribution. Both companies exemplify market leadership and continue to shape the future of insurance in Thailand.   Nine other companies shine brightly, each holding more than 2.5% of the market share. Yet, there are 19 companies fighting an uphill battle.   At 360F, we recognize immense potential within the Thailand market and possess the expertise to spearhead transformation in the Thai insurance sector towards a prosperous future! https://lnkd.in/g7XKtFEB #Insurance #Insurtech #MarketAnalysis #GrowthStrategy #Leadership #Innovation #ThaiInsuranceMarket" #DigitalTransformation #CustomerExperience #BusinessStrategy #FinancialServices #TechnologyInnovation #EmergingMarkets   Michael Gerber, Anirudh Somani, FIA, MQF, Huynh Thanh Phong, Nikhil Advani, Jonathan H, Mike Plaxton, Thomas Wilson, Dr. Christian Roland, Angela Hunter (GAICD), Anil Wadhwani, Bundit Kenny Jiamanukoonkit, Leslie W.