As up to 94% of Vietnamese residents have yet to purchase life insurance, there are still many chances for companies in the industry to tap the local market, Mark Tucker, general director and chairman of AIA Group, told the Daily on Wednesday on the occasion of his business trip to Vietnam. Mark came to Vietnam at a time when local enterprises including insurance firms are mired in difficulties. According... 

AIA Group Limited, the leading pan-Asian life insurance group, announced a record performance for the six months ended May 31, 2011, with value of new business (VONB) rising 32 per cent compared with the same period last year to $399 million. Embedded value (EV) increased 11 per cent to $27.394 billion and annualised new premium (ANP) for the period rose 23 per cent to $1.094 billion. VONB margin...