ANNOUNCEMENT & NOTIFICATION OF OUR NEW COMPANY, AIA GENERAL BERHAD
AIA are midway through our 70th anniversary in Malaysia and the last few months have seen us celebrating and acknowledging our rich legacy as well as the trust placed in us by millions of Malaysians to help them protect their future and that of their loved ones whilst they enjoy life to the fullest. It gives us great pleasure to share that it’s time for us to recognise another milestone as we continue on our journey of growth and success in this country.
Starting from 1 July 2018, AIA General Berhad will operate as a new entity within our AIA group of companies in Malaysia with a focus on offering general insurance products to customer in line with the Financial Services Act 2013 that requires insurers like AIA which hold the composite license (for life and general insurance) to separate the two.
AIA Bhd. has successfully completed the exercise to separate the license. Effective 1 July 2018, AIA Bhd. will focus on selling life insurance while AIA General Berhad will concentrate on general insurance. AIA General Berhad will be a wholly owned subsidiary of AIA Bhd. led by its new Chief Executive Officer, Eric Chang. AIA General Berhad will leverage on the collective expertise and capabilities that we have in AIA Bhd.’s existing distribution, technology and operations teams and ensure we offer a comprehensive suite of products and services to our customers.
This marks a brand new chapter for AIA’s general insurance business which will move forward with a renewed strategic focus anchored on e-commerce. We will share more information in due course about AIA General Berhad’s plans to transform in new and dynamic ways.
In the meantime, please refer to this FAQs for responses to any questions you may have in relation to this exciting development. You may contact the following persons for any further clarification on the licence separation.
Alia Ayub : email@example.com or 03-2056 2908
Nadzirah : firstname.lastname@example.org or 03-2037 2951