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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines