AIA Group Limited (listed on the Main Board of the Hong Kong Stock Exchange under stock code 1299) has established AIA VCC, a Variable Capital Company in Singapore as part of its group wide investment programme to facilitate capital deployment globally.
AIA Investment Management Private Limited is the Investment Manager of AIA VCC. since 2016 as the Group level asset management company with reported assets under management of S$178 billion as at end 2020.
AIA explores how the recently introduced VCC framework can support its investment programme. It will focus on balance sheet exposure, specialist and alternative investment strategies.
AIA Group Limited and its subsidiaries comprise the largest publicly listed pan-Asian life insurance group with a presence in 18 markets. it has wholly owned branches and subsidiaries in Mainland China, Hong Kong SAR, Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, the Philippines, South Korea, Sri Lanka, Taiwan, Vietnam, Brunei, Macau SAR and New Zealand and a 49% joint venture in India. AIA was first established in Shanghai in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums. As a at end 2020, it had total assets of US$236 billion.
AIA offers a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. AIA serves policy holders of 38 million individual policies and over 16 million participating members of group insurance schemes.