HONG KONG :Insurer AIA Group Ltd has seen growth for its China business so far this year and is optimistic about a recovery in new sales from a disappointing 2022 now that harsh COVID-19 restrictions have been scrapped.Its value of new business (VONB), which measures expected profits from new premiums and is
HONG KONG :Insurer AIA Group Ltd has seen growth for its China business so far this year and is optimistic about a recovery in new sales from a disappointing 2022 now that harsh COVID-19 restrictions have been scrapped.
That said, in the second half of 2022, new business momentum for the Asia-focused insurer improved as the impact of an initial Omicron wave subsided and normal activities resumed. AIA's Hong Kong business saw VONB climb 4 per cent last year, helped by growth at its Macau branch as well as its agency and partnership channels.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Insurer AIA's new business value dropped 8.1% in 2022HONG 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
Read more »
Taiwan warns of China's 'repeated provocations', China tells US not to cross red lineTAIPEI/BEIJING — Taiwan will not allow 'repeated provocations' from China, the island's defence minister said on Tuesday (March 7), as China's foreign minister said Taiwan was the 'first red line' that must not be crossed in Sino-US relations.
Read more »
US set to lift Covid-19 testing requirements for travellers from China: SourceWASHINGTON - The US Centres for Disease Control and Prevention (CDC) is set to end mandatory Covid-19 tests for travellers from China on Friday (March 3), joining other countries in dropping the requirements, a source briefed on the matter told Reuters. Last week, Japan dropped a requirement that everyone take a test for the virus upon arrival from China. The...
Read more »
China Feb passenger cars sales up 10.4% on year - CPCASHANGHAI/BEIJING :China's passenger vehicle sales totalled 1.42 million units in February, up 10.4 per cent from a low base in the same period in 2022 when a week-long Lunar New Year holiday reduced business activities, industry association data showed on Wednesday.The car sales in the first two months fell 1
Read more »
China's Jan-Feb passenger cars sales down 20% - CPCASHANGHAI/BEIJING :China's passenger vehicle sales fell 20 per cent in the first two months of this year, industry data showed on Wednesday, underscoring weak demand in the world's biggest auto market even as some car manufacturers offer reduced prices to revive demand.Sales in February, 1.42 million units, we
Read more »
Prada touts strong profits despite China sales slumpMILAN: Italian luxury group Prada said Thursday (Mar 9) its profits jumped in 2022 as strong sales in Europe and the United States offset declines in China, and that it expects its sales to outpace the market this year. It follows a trend across the luxury goods sector that saw record sales and profits las
Read more »