Insurer AIA's new business value dropped 8.1% in 2022

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HONG KONG : Asia-focussed insurer AIA Group Ltd posted an 8.1 per cent decline in full-year new business value on Friday, as COVID-19 lockdowns in its main markets, China and Hong Kong, weighed on insurance sales.The insurer's value of new business (VONB), which measures expected profits from new premiums

HONG KONG : Asia-focussed insurer AIA Group Ltd posted an 8.1 per cent decline in full-year new business value on Friday, as COVID-19 lockdowns in its main markets, China and Hong Kong, weighed on insurance sales.

The company also added that it has seen new business momentum in China return to positive VONB growth in the first two months of 2023.

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