AIA Receives Approvals to Conduct Group Insurance Business in China.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- American International Assurance American International Assurance known as AIA (美國友邦保險) is a famous insurance company based in Hong Kong. It has offices in Asia-Pacific region including China, Australia, New Zealand, Japan, India, Malaysia, South Korea, Thailand and Company, Limited (AIA AIA - Application Integration Architecture ), a subsidiary of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group ), announced today that it has received approvals from the China Insurance Regulatory Commission (CIRC) to conduct group insurance business throughout AIA's operations in China. With the approvals, AIA is authorized to issue a single group policy contract covering a range of insurance products, including group life insurance, personal accident and health insurance, medical insurance and annuities. The single policy contract can cover a defined group of five or more people, enabling organizations to purchase policies for their workforces and their family members. Commenting on the CIRC approval, AIG Senior Vice Chairman, Life Insurance, Mr. Edmund S.W. Tse said, "We are very pleased to receive approval to conduct group insurance business through AIA's operations in China. With rapid economic development, Chinese enterprises, as well as multinationals with operations in China, are experiencing an increasing demand for group insurance services for their employees. Combining service strength and innovative products designed for the local market, AIA is dedicated to meeting the demand from Chinese enterprises and families for high quality insurance products, protection and value-added services." American International Assurance Company, Limited (AIA) is Southeast Asia's largest life insurer, with branch offices, subsidiaries and affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. located in countries and jurisdictions including Australia, Brunei, Mainland China, Guam, Hong Kong, India, Indonesia, Japan, Macau, Malaysia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. AIA markets a full line of life insurance products through a multi-channel distribution system, whose core franchise is an extensive agency force. AIA is a wholly-owned subsidiary of American International Group, Inc. (AIG). American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. as well as the stock exchanges in London, Paris, Switzerland and Tokyo. |
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