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AIA Envisions Continued Growth in MCV Biz This Yr
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The Hong Kong business was the largest contributor to AIA (01299.HK)'s Value of New Business (VONB), Jacky Chan, AIA's Regional Chief Executive and Group Chief Distribution Officer. said at the results press conference. Last year, AIA's VONB from the Hong Kong business grew by 23%, with VONB from local customers and mainland visitors increasing by 24% and 22%, respectively. Chan also emphasized his confidence in the Asian market with insurance demand steadily rising. Currently, the number of visitors to Hong Kong has not yet returned to the high levels of 2018, so it is expected that the company's Mainland Chinese visitor (MCV) business will continue its growth trend. AAStocks Financial News |
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