A growing protection gap in both developed and developing countries indicates that insurers struggle to design products fit for the evolving and emerging risks that modern personal-lines consumers demand.
Tag: insurance products
AIA’s New Business Drops 37% in First-Half as Pandemic Hits Sales in Hong Kong & China
Hong Kong-based insurer AIA Group Ltd on Thursday reported a 37% fall in new business for the first half of the year, as the COVID-19 pandemic dented sales of its insurance products in its main markets of Hong Kong and China. The company’s new business value, which measures expected profits from new premiums and is… Continue reading AIA’s New Business Drops 37% in First-Half as Pandemic Hits Sales in Hong Kong & China