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AIA Group Ltd. history, profile and history video

AIA Group Ltd. provides general insurance services. The company operates through the following segments: Hong Kong, Thailand, Singapore, Korea, Malaysia, China, Other Markets, and Group Corporate Centre. The Hong Kong reportable segment includes Macau. The Singapore reportable segment includes Brunei. The Other Markets segment includes the group’s operations in the Philippines, Indonesia, Vietnam, India, Australia, New Zealand and Taiwan. The Corporate Centre segment consists of the group’s corporate functions, shared services, certain internal reinsurance and eliminations of the intragroup transactions.The company was founded by Cornelius Vander Starr in 1919 and is headquartered in Hong Kong.

“AIA Group Heritage

In 1919, a young American with a passion for enterprise, Cornelius Vander Starr, opened a small insurance agency at 15 Nanking Road, Shanghai. His “enterprise” soon extended to life insurance with one simple business idea: people in Asia would find insurance attractive because of their desire to care for their family and be prudent.

AIA continued to increase its footprint in Asia with the establishment of branch offices in Hong Kong and Singapore in 1931. When AIA entered Malaysia in 1933, Asia was in the grip of the Great Depression. Its 1938 establishment in Thailand was during the same decade that a constitutional monarchy was formed. In Indonesia, AIA was founded in 1951 as Indonesia was emerging as an independent nation. Again, AIA opened in South Korea at a pivotal time, 1987, as the reform era dawned and Seoul prepared to host the Summer Olympics Games.”

*Information from Forbes.com and Aia.com

**Video published on YouTube by “Santoso Kwok