AIA launches innovation development drive for workforce

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AIA Singapore has partnered with global learning provider Hyper Island to co-design an agile collaboration programme titled Digital Ei8ht, a series of online live-learning sessions for AIA’s employees, aiming to create a culture of experimentation and innovation.

According to a statement by AIA, the programme consists of more than 20 hours of online training and assessments that provide on-the-job, real-time learning and practice, spread over eight weeks. It involves a community for learning and sharing, through a combination of individual and group tasks that are completed online via Workplace by Facebook. It also aims to build leadership skills and engage

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AIA new business value down 27% after coronavirus disruption

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AIA Group has reported a 27% decrease in value of new business (VONB) for the first quarter of 2020, triggered by market disruption caused by the COVID-19 outbreak.

The insurer’s VONB fell from US$1.169 billion in the first quarter of 2019 to US$841 million one year later.  The VONB margin also decreased from 63.6% to 56.6%, a difference of roughly seven percentage points.

“Measures to contain the pandemic had the most significant impact on our businesses in Hong Kong and Mainland China during the quarter,” said AIA Group CEO and president Ng Keng Hooi. “In aggregate our businesses outside these

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AIA Hong Kong launches the territory’s first robotic investment service

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AIA Hong Kong has launched the territory’s first robotic investment service to help customers purchasing new Investment-linked Assurance Schemes (ILAS) build their investment portfolios according to individual risk tolerance levels and investment preferences.

With the launch of its Robotic Investment Choice Service, AIA Hong Kong said that it will “integrate professional analysis and expertise from AIA Investment Management HK Limited (AIMHK) to provide personalised reference portfolios for customers based on their needs.”

Read more: AIA Singapore welcomes two new robotic hires

The insurer will implement the first phase of the service in mid-May, through the interactive Point of Sale (iPoS)

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AIA names new Singapore CEO

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There will soon be a new face at the top of AIA Singapore with the company today announcing the appointment of Wong Sze Keed (pictured) as its new CEO.

Sze Keed will move into the role from July 01 this year, reporting to regional chief executive Tan Hak Leh. She takes the position held by Patrick Teow, who, after seven years with the company and more than 35 years in the life insurance industry, has decided to take a break.

“I want to take this opportunity to thank Patrick for his excellent leadership and many significant contributions to AIA’s success

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