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AIA Philippines was founded in 1947 as Philam Life by Cornelius Vander Starr, the founder of AIG, and his partner Earl Carroll. The company has received various awards such as the Asian Management Award for General Management, Asian Management Award for Financial Management, and the Reader's Digest Platinum Trusted Brand Award.
AIA also entered into an exclusive 20-year bancassurance agreement with NDB, one of Sri Lanka's largest financial conglomerates with a nationwide bank branch network. [ 9 ] On 7 October 2012, AIA acquired ING Group 's Malaysian insurance subsidiaries for a cash consideration of €1.336 billion (US$1.73 billion).
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The AIA Tower, formerly the Philamlife Tower, is an office skyscraper located in Makati, Philippines. [10] It is owned and developed by Philam Properties Corporation, the real estate arm of the Philippine American Life and General Insurance Company (Philamlife, now AIA Philippines). [ 6 ]
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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.