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India is an emerging insurance market, says AIA
  + stars: | 2023-08-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia is an emerging insurance market, says AIALee Yuan Siong, CEO of the insurance company, says India is a very important market for the company and the country is "developing very, very well."
Persons: Lee Yuan Siong Organizations: India Locations: India
Oct 31 (Reuters) - Asia-focussed insurer AIA Group Ltd (1299.HK) reported a 1% rise in quarterly new business value on Tuesday as sales recovered from pandemic lows in its main markets of China and Hong Kong. AIA's mainland China business posted a 6% rise in value of new business (VONB) during the quarter, on a constant exchange rates basis. Its Hong Kong business also saw VONB growth, AIA said. The two markets together account for about half of AIA's new business growth globally. In the quarter ended Sept. 30, AIA's VONB rose to $741 million from $735 million a year earlier.
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