TORONTO (Yosefardi) – Manulife Financial Corporation (MFC) posted insurance sales of US$26 million in first quarter of 2015 for Indonesia operation, increased 10% from the corresponding period of 2014.
Bancassurance distribution was the key driver of growth, highlighting the benefit of its diversified distribution strategy.
Indonesia wealth sales also rose 170% to US$232 million in first quarter of 2015, supported by higher mutual fund sales due to improved market sentiment.
For Asia operation, Manulife made a record sales volumes in Japan and mainland China, and high double digit growth in Hong Kong and Other Asia countries.