Phnom Penh, 07th October 2020 – AIA (Cambodia)
Life Insurance Plc. (“AIA Cambodia”) proudly inaugurated 3 new branches in 3
different provinces: Kampong Cham, Battambang and Kampot. The impressive
expansion is following AIA’s entry into Cambodia in 2017, having launched in
the country with an official license granted by the Ministry of Economy &
Finance.
The new branches aim to provide easy access to
innovative life insurance solutions to meet the needs of the people in across
Cambodia. The inauguration was held digitally, with all 4 locations connected
in a conference, the main hub being at Phnom Penh’s Rosewood Hotel. The event
was presided over by His Excellency Mey Vann, Delegate to the Royal Government
in charge as Director General of the General Department of Financial Industry,
as well as by Honourable delegates from the Ministry of Economy and Finance and
the Insurance Association of Cambodia,
business partners and senior AIA
executives. Highlighting the importance of AIAs presence across the nation, His
Excellency Mey Vann stated that: “Through the inauguration of the three
branches, I firmly believe that it’s a privilege for the people living in these
regions have to access to life insurance products and services, and an
important financial safety tool provided by AIA (Cambodia), putting people at
ease”.
The event was also remotely joined by AIA’s
Regional Chief Executive Officer, Tan Hak Leh, who called in from Singapore.
Mr. Hak Leh emphasized that: “For more than one century, AIA has served Asia
Pacific with utmost pride, care, diligence and distinction, and since our
record-breaking IPO in 2010, AIA is now the biggest life insurance group in the
world, fully dedicated to Asia. Despite the current headwinds caused by the
COVID-19 pandemic, AIA remain optimistic about the future of Cambodia and AIA’s
presence here. That’s why today, AIA is proud and excited to launch three new
branches across Cambodia, to serve the people of Kampong Cham, Battambang and Kampot by
providing them with the best class insurance solutions and services”.
AIA Cambodia has seen impressive growth in the
market, in terms of the product offering and the capability of providing
protection across the nation – all under the direction of AIA Cambodia CEO
Pauline Teoh. Ms. Teoh remarked that: “It is with great pleasure we today
inaugurate our three new branches in Cambodia, a key milestone in our ongoing
story of fast growth. After a challenging and unprecedented 2020 due to the
COVID-19 pandemic, we are keen to begin the return to business as usual and
bring our market-leading insurance solutions to the people of Kampong Cham,
Battambang and Kampot.”
The inauguration brings the total number of AIA
Cambodia branches to four, following the launch of their Siem Reap branch last
year. The year 2020 has seen AIA build its capability and expand, leading to
enhanced coverage of the Cambodian public. AIA Cambodia now proudly protects
more Cambodians nationwide.
AIA meets the long-term savings and protection
needs of individuals by offering 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. Through an extensive network of agents, partners and employees across
Asia-Pacific, AIA serves the holders of more than 36 million individual
policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board
of The Stock Exchange of Hong Kong Limited under the stock code “1299” with
American Depositary Receipts (Level 1) traded on the over-the-counter market
(ticker symbol: “AAGIY”).