BestWeek Asia/Pacific: AIA Reveals Its Life Strategy in Southeast Asia

HONG KONG--(BUSINESS WIRE)--AIA Group Ltd. is focusing on “filling a big protection gap” in Hong Kong with disciplined investments across Asia, according to a story in the latest edition of BestWeek Asia/Pacific. However, in Hong Kong, “AIA is highly dependent on its agency force in terms of product distribution,” according to MM Lee, general manager of analytics, A.M. Best Asia-Pacific. “Retention of its agency force under intense local market competition could be costly and challenging.”

“Retention of its agency force under intense local market competition could be costly and challenging.”

Also in BestWeek Asia/Pacific, Japan’s nuclear crisis following the March 11 earthquake and tsunami has led to complications in estimating losses. The event could lead to a re-visitation of risk modeling and natural catastrophe risk management.

The 28 June edition is available at www.bestweek.com/asia and www.bestweek.com.

Other features of this issue include a video on the performance of global insurance stocks and a Best’s Underwriting Guide Snapshot on the risks of flea markets and farmers markets.

BestWeek is published by A.M. Best Co. for insurance professionals. To subscribe, visit http://www.ambest.com/sales/BestWeek.

Founded in 1899, A.M. Best Co. is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

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