AIA Group

From WikiMD's medical encyclopedia

An insurance and financial services group in Asia



AIA Group Limited is a leading pan-Asian life insurance group. It offers insurance and financial services, including life insurance, accident and health insurance, and savings plans. AIA Group is headquartered in Hong Kong and operates in 18 markets across the Asia-Pacific region.

History

AIA Group was founded in 1919 by Cornelius Vander Starr in Shanghai, China. Initially, it was part of the American International Group (AIG), but it became an independent entity following its initial public offering in 2010. The company has grown significantly over the years, expanding its presence across Asia.

Operations

AIA Group operates in 18 markets, including Hong Kong, Thailand, Singapore, Malaysia, China, South Korea, Australia, New Zealand, India, Indonesia, Philippines, Vietnam, Brunei, Sri Lanka, Taiwan, Macau, and Cambodia.

Products and Services

AIA Group offers a wide range of products and services, including:

  • Life Insurance: Providing financial protection to policyholders and their families.
  • Accident and Health Insurance: Covering medical expenses and providing income in case of accidents or illnesses.
  • Savings Plans: Helping individuals save for future financial goals.
  • Retirement Solutions: Offering pension and retirement plans to ensure financial security in old age.

Corporate Structure

AIA Group is a publicly listed company on the Hong Kong Stock Exchange under the stock code 1299. It is one of the largest life insurers in the world by market capitalization.

Headquarters

The headquarters of AIA Group is located in the AIA Central building in Hong Kong. The company also has a significant presence in the AIA Tower in North Point, Hong Kong.

AIA Tower

AIA Tower in North Point, Hong Kong

The AIA Tower is a prominent office building in North Point, Hong Kong. It serves as one of the key locations for AIA Group's operations in the region.

The AIA Group logo is a stylized representation of the company's name, symbolizing its commitment to providing financial security and peace of mind to its customers.

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Contributors: Prab R. Tumpati, MD