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AIA Group Limited, [3] often known as AIA (Chinese: 友邦保險; pinyin: Yǒubāng Bǎoxiǎn; Jyutping: Jau5 bong1 bou2 him2), is a Hong Kong–based multinational insurance and finance corporation. It is the largest publicly traded life insurance group in the Asia-Pacific region.
On 21 September 2017 CBA announced that it had agreed to sell Sovereign, as well as its Australian insurance business (CommInsure) to AIA Group for AUD $3.8 billion. This sale was successfully completed on 2 July 2018. [2] AIA New Zealand and Sovereign continued to operate as two separate brands until 5 August 2019.
CVS Health United States: 62.2 16 Life Insurance Corporation India: 56.6 17 China Pacific Insurance Company China: 53.7 18 Health Care Service Corporation United States: 46.7 19 Progressive Corporation United States: 46.4 20 The Allstate Corp United States: 45.8 21 Zurich Ins Group Ltd Switzerland: 44.8 22 HDI Germany: 44.2 23 Liberty Mutual
The AIA is legally incorporated as a tax-exempt organization under Section 501(c)(6) of the US Internal Revenue Code (Title 26 of the United States Code) and has IRS Employer Identification Number 133173374. [3] [4] It is based in Washington, D.C. [5]
The AIA Philippines Life and General Insurance Company Inc., (commonly known as AIA Philippines and formerly known as the Philippine American Life and General Insurance Company or Philam Life), is an insurance company based in the Philippines. As of 2020, it is one of the larger life insurance companies in the country by assets and net worth ...
Tata AIA Life Insurance Company Limited is an Indian joint venture life insurance company, formed by Tata Sons and AIA Group (AIA). It combines Tata's pre-eminent leadership position in India and AIA's presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia–Pacific region.
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [5] As of 2023, AIG employed 25,200 people. [6]
AIA PUBLIC distributes family takaful products via AIA Malaysia's 17,000 insurance agents (known as life planners) (as of 2015) and Public Bank's over 250 branches in Malaysia. [ 5 ] The company made its first surplus distribution in 2014.