HONG KONG (Yosefardi) – AIA Group Limited, through its wholly-controlled PT AIA Financial, delivered double-digit value of new business (VONB) growth on constant exchange rates in the second half of 2014, ended November 30, with reported results affected by a 13% weakening of the Indonesian rupiah against the US dollar reporting currency compared with 2013.
AIA expanded its existing bancassurance partnerships by increasing the number of active in-branch sales specialists and we also added another new bancassurance partnership with a local Indonesian bank in the second half of 2014.
Overall, AIA increased its profitable market share during the year achieving a top three position by weighted new business premium.