Insurer AIA new business value rises 34% in Q3 on strong China, Hong Kong sales

📆 03/11/2023 00:39:00
📰 ChannelNewsAsia

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Asia-focused insurer AIA Group on Friday (Nov 3) posted a 34 per cent rise in the value of new business (VONB) for the third quarter, boosted by strong demand for its insurance products across operations including key markets like Hong Kong and Mainland China.

AIA Group logo is pictured on a smartphone in front of an electronic display showing stock graph in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/ File photo

Mainland China, one of AIA's largest markets, logged a 20 per cent growth in VONB during the period as the insurer continued to benefit from the lifting of pandemic-related restrictions.

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Insurer AIA third-quarter new business value rises 34%Asia-focused insurer AIA Group on Friday posted a 34 per cent rise in the value of new business (VONB) in the third quarter, boosted by strong demand for its insurance products across operations including key markets like Hong Kong and Mainland China.
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