AIA Singapore posts strong showing in 2015
Its value of new business, or a measure of expected profits from new premiums, rose 24% to US$341m
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Singapore
STRONG business growth generated by its 4,200-strong agency force drove insurer AIA Singapore's 2015 value of new business (VONB), or a measure of expected profits from new premiums, up 24 per cent year on year to US$341 million on a constant exchange rate basis.
For the full year, the VONB margin went up 11.1 percentage points to 72.4 per cent, from a year ago.
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