aia insurance lanka plc annual report 2019

The Company also provides services in the capacity of a trustee for various funds. Our thoughts are with the families and communities who have been affected by this public health emergency. William Lisle, Chairman of AIA Sri Lanka, said: “I am pleased to see AIA Sri Lanka’s resilience in the face of adversity and appreciate the initiatives launched in 2018 and also the progress made. • Conventional life business GWP grew by 12 per cent, with growth from both the agency and bancassurance channels. Pankaj Banerjee, Chief Executive Officer of AIA Sri Lanka, said: “2018 was characterised by continued transformation at AIA Sri Lanka aimed at laying a strong foundation for sustained growth, driven by our brand promise of helping customers live healthier, longer, better lives. View. VONB grew strongly at 16 per cent excluding Hong Kong. Chairman’s statement Aviva plc Annual report and accounts 2019 02 Strategic report Governance IFRS financial statements Other information Chairman’s statement 2019 was a year of change for Aviva. Our local businesses in affected areas have also been assisting communities with enhanced benefits and expedited claims procedures. AIA’s financial information in this Financial Summary is based on the audited consolidated financial statements and supplementary embedded value information for the year ended 31 December 2019, unless otherwise stated. READ OUR 2019 REPORT . “AIA’s proprietary agency distribution delivered 11 per cent VONB growth as we focused on our quality recruitment programmes to drive an increase in the number of active agents. “Our wholly-owned operation in Mainland China once again delivered a very strong performance with 27 per cent growth in VONB. The Group also provides employee benefits, credit life and pension services to corporate clients. Colombo, 08 March 2019. Annual Report 2015. 08 March 2019. it's about time you thought about your happiness and aspirations. You can find more AIA Insurance Lanka PLC (AIA Sri Lanka) posted an 11% growth in Life insurance Gross Written Premiums in 2018, amounting to Rs. Users can opt to see 4 periods of either annual or quarterly information. Facebook-f Linkedin-in Youtube . An Extraordinary General Meeting (EGM) on this matter will be held on March 27, 2019. The proposed delisting of the Company’s shares will be based on a revised and AIA Insurance Lanka PLC on October 3, 2019 announced that the Colombo Stock Exchange (CSE) by its letter dated 02nd October 2019 has confirmed that the Company is delisted from the Official List of the CSE effective 02nd October 2019. Find out how we are helping shape the future of insurance. AIA’s agency recruitment pipeline in Mainland China remains strong. 2014 AIA and Citibank formed a landmark, long-term and exclusive bancassurance partnership that encompasses 11 markets in the Asia-Pacific region. The need for AIA’s insurance products will continue to grow strongly given rising incomes, low levels of private insurance penetration and limited social welfare coverage and I am confident that AIA is ideally positioned to deliver long-term sustainable growth.”. We strive to assist you for all your inquiries with high touch customer service. The main highlights are: In 2018, AIA Sri Lanka demonstrated great resilience and discipline to deliver a robust performance amidst a challenging external environment marked by slowdown in consumer demand, relatively low economic growth and continued uncertainty in the socio-economic front. Login or register to access and manage all your policies, claims and more. Annual Reports 2010 - 2018. We strive to assist you for all your inquiries with high touch customer service. Earning a degree remains a difficult hurdle for many Sri Lankans. 12 March 2020. AIA completed the full integration of the businesses of AIA and ING Malaysia. Our initiatives are nationally relevant and contribute meaningfully to the well-being of the community. AIA Insurance Lanka PLC on October 3, 2019 announced that the Colombo Stock Exchange (CSE) by its letter dated 02nd October 2019 has confirmed that the Company is delisted from the Official List of the CSE effective 02nd October 2019. All rights reserved. . Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of 32 million individual policies and over 16 million participating members of group insurance schemes. “VONB growth in Thailand and Malaysia was supported by our Premier Agency strategy and bancassurance partnerships. There is no better feeling in life than being healthy. We continued to enhance our customer offering with market leading and needs based new pension and health solutions with the introduction of SmartPension and HealthProtector. Environmental Social Governance. information on the types of cookies we collect, what we use these for, and how to manage your cookie I remain confident of the long-term growth potential of the Sri Lankan market, and we remain committed to continuously focusing on executing our strategy for making steady progress towards our goal of becoming the pre-eminent life insurer in Sri Lanka and help its people live healthier, longer, better lives.”. Change is shown on a year-on-year basis compared with the corresponding twelve-month period ended 31 December 2018, unless otherwise stated. Annual Report and Accounts 2019 RSA Insurance Group plc Annual Report and Accounts 2019. Who we are For more than 300 years, RSA has been protecting individuals and businesses from insurable risk. Some of our markets are facing near-term headwinds from the lower interest rate environment and the past two months have seen COVID-19 emerge as a new global risk. 12,739 million. We all have hopes and dreams for the future, Proof of our competence and good governance. “The strong domestic drivers of demand and major demographic trends in Asia provide powerful structural support for the long-term prospects of AIA’s business. For almost a century, AIA has served the ever-changing needs of millions of people all across the Asia-Pacific region. The Company underwrites life insurance risks, such as those associated with death and disability. Other Markets achieved 27 per cent growth in VONB, led by strong performances in Australia, the Philippines and Vietnam. going further to understand and meet customer needs. Click here to view AIA Investment Linked Funds Performance Report 2019. Annual Report 2014. Look for a role that suits you. 2016. Do Sri Lankans face unique health challenges? We care about your family's well being as much as you do. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 36 million individual policies and over 16 million participating members of group insurance schemes. AIA became the Official Universal Life and Participating Products, Copyright © 2020, AIA Group Limited and its subsidiaries. • The consolidated profit after tax for 2017 includes the transfer of life business for the year and the transfer of the Risk Based Capital one-off surplus in line with the Direction #16 issued by the Insurance Regulatory Commission of Sri Lanka. The Annual Reports 2019 of Allianz Group and Allianz SE were released on March 6, 2020 . By year-end 2019, the general insurance industry reached the Rs. Excluding Hong Kong, agency distribution VONB grew by 16 per cent and partnership distribution VONB increased by 19 per cent for the year. and AIA recognises everyone has different needs at different stages of life. Ng Keng Hooi, AIA’s Group Chief Executive and President, said: “AIA has delivered a resilient performance in 2019, despite a challenging operating environment, with continued growth in all our main financial metrics. This website uses cookies for the purpose of enhancing your user experience. The Board of Directors of AIA Insurance Lanka PLC (“AIA Sri Lanka” or the “Company”) is pleased to announce the financial results of the Company and its subsidiary (collectively, the “Group”) for the year ended 31 December 2018. 6 per cent growth in value of new business (VONB) to US$4,154 million. We are sorry for any inconvenience that may cause. OPAT and operating earnings per share are shown after non-controlling interests unless otherwise stated. View. A virtual Analyst Briefing hosted by Lee Yuan Siong, Group Chief Executive and President, and other Group Executive Committee members was held at 9:30 a.m. Hong Kong time. policies, claims and more. We understand your needs and are committed to offering the right solutions that cater to your evolving needs.​, Provide financial peace of mind in case worst should happen, Relieve financial burden when serious illness strikes, Benefit pay-out based on your illness severity level, Government-certified medical protection plans providing medical cover, with premiums that are eligible for tax deductions, Protect against accidents and other unforeseen events, A game changing wellness programme that redefines the traditional concept of insurance and reward you to live a healthy lifestyle, A comprehensive retirement solutions for employees and self-employed persons, Support your HR strategies with flexible and cost-effective plans to protect your employees, A comprehensive retirement solutions for employers. Your health by rewarding you for living a more active lifestyle may cause of new (... Under this page such as those associated with death and disability Thailand and was! 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