Why AIA Australia
- Our A+ Standard & Poor’s rating confirms our financial strength and ability to pay claims.
- We’re Australia’s fastest growing life insurer with over 2.5 million customers.
- In 2011, AIA Australia’s insurance premiums exceeded $1 billion.
- We’re Australia’s largest group insurer by market share and we partner with some of the nation’s biggest super funds.
Over two and a half million Australians benefit from our life insurance services – that’s around 20 per cent of the working population. We’ve been in Australia for over 40 years and owe our success to providing the best possible cover at highly competitive rates and always paying legitimate claims promptly and reliably.
With the backing of the long-established AIA Group, the largest independent publicly listed pan-Asian life insurer, AIA Australia has a strong foundation for its presence in Australia.
Over the years, the strength of our products and services has been recognised many times with a number of product and service awards.
Happy to pay
At AIA Australia we believe in fair play and take pride in paying legitimate claims promptly and reliably. At AIA Australia, we have a long-term focus, so when you take out an AIA Australia policy you can be confident that we will be around to pay it.
Our claims payments have grown continuously, in fact, since 2005 payments have grown almost tenfold.
- In 2011 we paid out over $1.7 million every working day.
- Our financial strength means we’re in it for the long term.
AIA Group fast facts:
- Tracing back over 90 years in Asia
- One of the most recognised retail financial services brands in Asia
- Over 23 million in-force policies
- Over 230,000+ strong agency workforce
- Over 20,000 employees
- Superior financial and investment performance
- FY11 operating profit after tax of US$1.9 billion
- FY11 embedded value of US$27.2 billion
- FY11 value of new business of US$932 million
- Total assets of US$115.8 billion
- Solvency ratio 311%
- S&P rating AA-
- Common equity to capital 100%Source: AIA FY2011 Annual Results, 30 November 2011