What does AIA mean or is AIA a good insurance company to join? First of all, the full meaning or what AIA actually stands for the American Internation Group. Also, one of the largest public listed pan-Asian life insurance groups in the world. However, the American Insurance Association is actually an insurance and financial service just like every other insurance company in the world. Asides, from offering members insurance and financial services, it also providers members with writing insurance for individuals as well as businesses. Other insurance coverage includes accident and health insurance, retirement planning, and also wealth management services.
Furthermore, AIA, also known as AIA Group Limited and the current headquarters located in Hong Kong. The insurance service has a very long insurance and financial history. Most of the branches are spread all over the countries such as Australia, Indonesia, New Zealand, China, Korea, Thailand, and lots more. As of 2013, the American Insurance Association made an exclusive bank assurance agreement with one of the most respected and well-known banks in the world Citibank. During the same year, it became the official shirt partner of one of the biggest English Premier League football club which is Tottenham Hotspur. The AIA printed on the Tottenham shirt.
Interesting Fact about the AIA Group (American Insurance Association)
Just like I mention, American Insurance Association has a very long history and to track it back to the root, it founded by Cornelius Vander Starr in 1919. Back then it was formally known as American Asiatic Underwriters located in Shanghai. Which, later on, change to American International Underwriters. However, Cornelius Starr actually expanded operations throughout the world. In 1939, the company relocated from the head office in Shanghai to New York City after the Japanese invasion.
Later now the American Insurance Association become a subsidiary of AIG (American International Group) which is based in New York. On 4 December 2009, AIG sold its equal interest to two newly introduce international life insurance company. This includes American International Assurance Company Limited (AIA) and also to American Life Insurance company which is also known as (ALICO). As of today, it has become the largest public listed pan-Asian life insurance group in the world.
List of AIA Insurance and Financial Services
On the contrary, one of the main focus or objectives of the American Insurance Association is to provide members with the right solution and insurance services that meet individual needs and also business levels. Here are some of the insurance service offers on both individual and business level.
- Life Insurance
- Medical Insurance
- Accident Protection
- Critical Illness Protection
- Disability Protection
- Employee Benefits
- Credit Insurance
- AIA Asia Benefits Network
In summary, the American Insurance Association is actually a good insurance company or services in an option to help insure life, property, cars, and lots more. However, you can visit the official website AIA.com to see more information about AIA Careers and others.