HONG KONG SAR – Media OutReach Newswire – June 3, 2024 – AIA Hong Kong continues to assert its leadership in the insurance sector by clinching eight market share No.1s in the first quarter of 2024, as per the Provisional Statistics on Hong Kong Long Term Insurance Business released recently.
The market share No.1s are as follows:
- Number of Inforce Policies
- Number of New Business Policies
- Number of Onshore New Business Policies
- Number of Offshore New Business Policies
- New Office Premiums from Agency Channel
- Annualised New Premiums from Agency Channel
- Number of New Business Policies from Agency Channel
- Number of New Business Policies from Brokerage Channel
Mr. Alger Fung, Chief Executive Officer of AIA Hong Kong & Macau, expressed his gratitude towards customers for their unwavering support, as well as to the financial planners, distribution partners, and staff for their dedication and teamwork. He highlighted the successful rollout of holistic health and wealth solutions in the previous quarter, particularly emphasizing the positive reception of the flexible ‘Global Power Multi-Currency Plan 3’, designed to empower customers in legacy planning and long-term wealth management.
Furthermore, Fung underscored the promotion of ‘Tax Deductible’ offerings aimed at aiding customers in better financial planning at the beginning of the year. These offerings include a variety of Voluntary Health Insurance Schemes, MPF Tax Deductible Voluntary Contribution, Deferred Annuity products, and the ‘On Your Side Plan’, which provides multiple claims for designated critical illnesses, all of which have garnered favorable responses from the market.
Fung also highlighted the insights gained through the ‘AIA Desired Retirement Tracker’, which have informed the development of corporate solutions to address the protection needs and gaps of the working population, thereby facilitating better retirement and medical protection for employers and employees alike.
The outstanding performance in the first quarter, according to Fung, underscores the company’s commitment to customer-centricity. He reaffirmed their dedication to the ‘ASPIRE For You, We Go Beyond’ spirit, aiming to help individuals live healthier, longer, and better lives.
About AIA Hong Kong & Macau
AIA Group Limited established its operations in Hong Kong in 1931. Presently, AIA Hong Kong and AIA Macau boast over 17,000 financial planners and an extensive network of independent financial advisors, brokerage, and bancassurance partners. With a customer base exceeding 3.5 million, the company offers a wide range of professional services and products, including individual life, group life, accident, medical and health, pension, personal lines insurance, and investment-linked assurance schemes, catering to the financial needs of both individuals and high-net-worth customers.
The issuer is solely responsible for the content of this announcement.
