AIA Group Limited, headquartered in Hong Kong, is one of the largest independent publicly listed pan-Asian life insurance groups. Founded in 1919 by Cornelius Vander Starr in Shanghai, AIA has grown exponentially to become a key player in the life insurance and financial services industry. With its deep roots in Asia, AIA operates in over 18 markets across the region, providing a broad range of life insurance products, health insurance, accident protection, and wealth management services.
AIA’s focus on customer needs and long-term financial security has allowed it to develop a significant presence in countries like China, Singapore, Thailand, and Malaysia. The company's commitment to promoting healthier, longer, and better lives across Asia has led to numerous innovations in digital health and wellness, making it a leading choice for individuals and businesses alike.
CEO and Founder of AIA Group
AIA was founded in 1919 by Cornelius Vander Starr, an American businessman and pioneer in the insurance industry. Initially, it started as an insurance company in Shanghai, China, serving local and expatriate customers. Over the years, AIA expanded across Asia, becoming a regional leader in life insurance. As of 2024, the company is led by Lee Yuan Siong, who took over as the CEO in 2020. Under his leadership, AIA has continued to thrive, emphasizing digital transformation, customer engagement, and sustainable growth. Lee's vision focuses on leveraging technology to enhance customer experiences and promote holistic health solutions through AIA’s diverse product offerings.
List of Top Companies Under AIA Group
AIA Group has a portfolio of subsidiary companies and partnerships that support its core insurance and financial services offerings. Below is a list of key entities under AIA Group, along with their approximate valuations.
| Company Name | Year Acquired/Founded | Valuation | Industry |
|---|---|---|---|
| AIA Singapore | 1931 | $15 Billion | Life and Health Insurance |
| AIA Thailand | 1938 | $12 Billion | Life Insurance, Health Insurance |
| AIA China | 1992 | $25 Billion | Life Insurance |
| AIA Malaysia | 1948 | $8 Billion | Life and Health Insurance |
| AIA Vitality | 2013 | Integrated in AIA Group | Health and Wellness Program |
| AIA Philippines | 1931 | $4 Billion | Life Insurance, Wealth Management |
| AIA Cambodia | 2017 | $500 Million | Life Insurance |
| AIA Australia | 1972 | $7 Billion | Life, Health, and General Insurance |
| AIA Vietnam | 2000 | $3 Billion | Life and Health Insurance |
| AIA Myanmar | 2019 | Growing Entity | Life Insurance |
FAQs About AIA Group
Q1: When was AIA Group founded, and by whom?
A: AIA Group was founded in 1919 by Cornelius Vander Starr in Shanghai, China. It has since expanded to become a leading life insurance provider across Asia.
Q2: Who is the current CEO of AIA Group?
A: The current CEO of AIA Group is Lee Yuan Siong, who assumed the role in 2020.
Q3: What type of products and services does AIA offer?
A: AIA offers a wide range of products, including life insurance, health insurance, accident protection, and wealth management services. They also promote wellness programs like AIA Vitality.
Q4: In which countries does AIA operate?
A: AIA operates in over 18 markets across Asia, including China, Singapore, Thailand, Malaysia, the Philippines, Vietnam, and Australia.
Q5: What is AIA Vitality?
A: AIA Vitality is AIA’s wellness program designed to help individuals lead healthier lives. It integrates health monitoring, rewards, and personalized fitness goals to encourage better health outcomes.
Q6: What is the market capitalization of AIA Group?
A: As of 2024, AIA Group has a market capitalization exceeding $120 billion, making it one of the largest life insurance companies in Asia.
Q7: Does AIA offer digital health solutions?
A: Yes, AIA has integrated digital health and wellness services through its platforms, offering virtual consultations, fitness tracking, and personalized health solutions.
