AIA Accumulation is a absolute activity allowance aggregation originated in Hong Kong with operations in Australia, New Zealand and East Asian and South Asian countries and subsidiaries in Thailand, Hong Kong, Singapore, Malaysia, China, and Korea. With advisers of added than 21,000 the allowance in addition arch association in the apple that aswell enrolled in the account of top best allowance companies in the world. The accumulation allowance casework cover Credit insurance, abundance administration plans, retirement schemes, extenuative and investment services.
AIA Accumulation Limited [2] accepted as AIA (Chinese: 友邦保險控股有限公司) is the better absolute accessible listed pan-Asian activity allowance group. It has a attendance in 18 markets in Asia-Pacific, wholly endemic branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97% accessory in Sri Lanka, a 26% collective adventure in India, and adumbrative offices in Myanmar and Cambodia.
AIA traces its roots aback to 1919 if an active adolescent man called Cornelius Vander Starr opened an allowance bureau in Shanghai, China. Vander Starr eventually broadcast his business throughout Asia, the US, and worldwide. In 1945, he relocated his arch appointment from Shanghai to New York afterwards a affected avenue from acreage China. Thus the Asian AIA became a accessory of New York-based American International Accumulation (AIG).
In 2009 AIA breach from AIG afterwards it was accomplished that AIA, as able-bodied as ALICO (another AIG subsidiary), were placed beneath the administering of a appropriate purpose car in barter for the Federal Reserve Coffer of New York.[3]
AIA was planned to be listed in Hong Kong Stock Barter in April 2010. However, in March 2010, Prudential PLC, a UK-based banking casework and balance company, appear that it would buy AIA for US$35.5 billion.[4] The acquirement after fell through, and AIA captivated an IPO in October 2010, adopting about HK$159.08 billion (US$20.51 billion), the world's third better IPO ever.[5]
In September 2012, AIA agreed to access a 92.3% pale in Sri Lankan insurer Aviva NDB Allowance from British insurer Aviva and Sri Lanka's National Development Coffer (NDB). In addition, AIA entered into an absolute 20-year bancassurance acceding with NDB, one of Sri Lanka's better banking conglomerates with a civic coffer annex network.[6]
In October 2012, AIA appear that it had accomplished an acceding to access ING Group's Malaysian allowance subsidiaries for a banknote application of €1.336 billion (US$1.73 billion).[7]
In December 2012, AIA was abreast by AIG that AIG had entered into a acceding acceding to advertise all of its accustomed shares of AIA at a amount of HK$30.30 per share. Upon achievement of the placing, AIG absolutely bald its antecedent 13.69% AIA allotment holdings.[8]
On 15 August 2013, AIA had become English Premier League football club Tottenham Hotspur's Cup Shirt sponsor for the 2013-2014 season.[9]
In December 2013, AIA and Citibank accomplished an acceding on a battleground absolute bancassurance affiliation that encompasses 11 markets in the Asia-Pacific region. The markets included in the acceding are: Hong Kong, Singapore, Thailand, China, Indonesia, Philippines, Vietnam, Malaysia, Australia, India, and Korea.[10]
In February 2014, the insurer appear that it entered into a five-year above affiliation with Tottenham Hotspur. Beneath the agreement, the AIA cast will affection on the shirts of Spurs players in all competitions until the end of the 2018-2019 season.[11]
In June 2014, AIA Singapore was called "Best Employer to Work For in Asia" and accustomed the accolade from HR Asia.