Insurer AIA Group's third-quarter new business value falls 5%
(Corrects to remove reference to reduced demand for insurance products from paragraph 1)
Oct 30 : Hong Kong-based insurer AIA Group reported a 5 per cent drop in its third-quarter value of new business (VONB) on Friday.
AIA's VONB, which gauges expected profits from new premiums and is a key barometer for future growth, came in at $1.42 billion on a constant exchange rate basis in the quarter ended September 30, compared with $1.48 billion a year ago.
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