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AIA Australia Company

 

Company Name : SEHK: 1299
Type : Public
Traded As : SEHK: 1299
Industry : Insurance, financial services
Founded : 1931
HeadQuarters : AIA Central, 1 Connaught Road Central
Key_People : Mark Tucker
Products : Insurance annuities, mutual funds
WebSite : AIA.com

AIA Group History

AIA Australia Company started its operation in Australia in 1970. AIA Australia is a part of AIA Group which is the biggest independent, publicly listed life insurance group in the world operating in Asia-Pacific region. The company was earlier known as AIG life. In June 2009 it separated from the US based company AIG and changed the name to AIA Group. In 2010, the new company listed on the Hong Kong Stock Exchange.

AIA Group Operations

Headquartered in Melbourne, Australia, AIA Australia operates in financial services and insurance industry. It is the largest insurer company in Australia. AIA has more than 2.5 million customers in Australia and on the basis of market share it is the largest group insurer.

The AIA Group is operating in 17 markets in Asia-Pacific region. It has fully owned offices in Hong Kong, Singapore, Malaysia, Thailand, Korea, the Philippines, China, Taiwan, Vietnam, Australia, Indonesia, New Zealand, Macau, Brunei. In Sri Lanka the group has a 97% subsidiary and in India it has a 26% joint-venture. There is a representative office of AIA group in Myanmar.

AIA Group Products

The products of AIA Australia include:

  • Life Cover
  • Crisis Recovery (Trauma)
  • Total and Permanent Disablement (TPD)
  • Business Expenses
  • Income Protection

The company also offers products such as business insurance solutions that include business expenses cover. Company’s value added service WeCare provides a phone call and email based support service to policy holders and their nearest family members.

AIA Group Key people

AIA Group’s network consists of over 260,000 agents and more than 25,000 workforces across Asia Pacific region. To its credit, the group has more than 27 million individual policy holders and the number of participating members of group policies is more than 16 million.

The most important part of the company is AIA Australia team that comprises of 450 most passionate and committed people in finance industry. The members of this team are based in offices in Melbourne, Sydney, Adelaide, Perth and Brisbane throughout Australia.

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