July 25, 2014 11:08 AM ET

Insurance

Company Overview of AIA Bhd.

Company Overview

AIA Bhd. Operates as a life insurance organization. The company provides life coverage, accidental coverage, home insurance, motor insurance, and credit life insurance solutions. Its insurance products for individuals include protection, savings, health, retirement, loans, and investment solutions; and for businesses include employee benefits, commercial insurance, and worksite marketing. The company provides its services through its agency force and bank partner’s branches, as well as corporate sales teams and brokers. AIA Bhd. was formerly known as American International Assurance Bhd. The company was founded in 1948 and is based in Kuala Lumpur, Malaysia. AIA Bhd. operates as a subsidiary...

99 Jalan Ampang

Kuala Lumpur,  50450

Malaysia

Founded in 1948

Phone:

60 3 2056 3333

Fax:

60 3 2056 3325

Key Executives for AIA Bhd.

Chief Executive Officer
Age: 49
Chief Executive Officer of Aia Group Corporate Solutions
Age: 55
Regional Chief Executive of Malaysia
Regional Chief Executive Officer of Hong Kong
Age: 50
Head of Corporate Communications
Compensation as of Fiscal Year 2014.

AIA Bhd. Key Developments

American International Assurance Bhd Plans to Open More Agency Offices

American International Assurance Bhd (AIA) is looking to open more agency offices to help strengthen its insurance foothold in the country. It plans two more agency offices this year. It will open second agency office at Plaza 33 (Petaling Jaya) next month and the third one, in the following month, in Klang. It has launched an agency office at CapSquare in Jalan Munshi Abdullah. The new office, spread over 150,000 sq ft and positioned as a centre of excellence, is equipped with training and recruitment facilities. AIA will house 250 of the life insurer's agencies. Moving on, it plans to make a significant investment to remodel existing branches and look for new properties. There will be a significant investment in the next 12 to 18 months.

ING Insurance Berhad and AIA Bhd Appoint William Lisle as Chief Executive Officer

William Lisle has been appointed Chief Executive Officer of both AIA Bhd and ING Insurance Berhad, effective December 26, 2012, to lead the integration of AIA and ING in Malaysia.

American International Assurance Bhd. Announces Unaudited Earnings Results for the Six Months Ended May 31, 2012

American International Assurance Bhd. announced unaudited earnings results for the six months ended May 31, 2012. Operating profit after tax grew by 5% to $68 million compared with $65 million for the first half of 2011. For the period, VONB was $31 million, ANP was $76 million and TWPI was $486 million against VONB of $22 million, ANP of $67 million and TWPI of $454 million for the same period a year ago.

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