AIA’s first-half new insurance sales rise 20 per cent, as more Chinese customers seek to hedge their risks amid turbulent times

AIA Group, the world’s second-largest insurer by value, posted a 20 per cent rise in new business for the first half of the year, bolstered by sales of insurance policies to mainland Chinese customers.New business rose to US$2.27 billion in the first six months, from US$1.95 billion in the same period last year, lifted by sales in its main markets of mainland China and Hong Kong, according to a filing to the Hong Kong stock exchange. Net profit more than doubled to US$3.86 billion, beating a…

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