AIA revamps investment platform

AIA revamps investment platform | Insurance Business Asia

Insurance News

AIA revamps investment platform

Partnership promises enhanced performance and risk management

Insurance News

By
Roxanne Libatique

AIA Group Limited has entered into a new agreement with BlackRock and BNY Mellon to enhance its investment platform, aligning with its long-term investment strategy.

Under this partnership, AIA will adopt BlackRock’s Aladdin platform, which consolidates the investment management process, and integrate it with BNY Mellon’s specialised investment operations, data management services, and technology.

The new platform will offer AIA an end-to-end solution, boosting data and analytics capabilities, and providing advanced risk management tools.

“This strategic collaboration brings our long-term investment programme together with an enhanced ability to deliver industry-leading investment solutions and provide positive, sustainable outcomes for our stakeholders,” said KArk Konyn, AIA group chief investment officer. “As we work with BlackRock and BNY to transform our platform, AIA will continue managing our growing investment portfolio at greater scale to meet our performance, risk management, and sustainable investment goals.

“With the solutions we are implementing, AIA will gain a single, consistent, and timely view across all asset classes allowing us to make even more informed investments across complex market environments.”

“We are thrilled to engage with AIA to deliver the breadth of Aladdin across AIA’s whole portfolio, including public and private assets, along with the ability to support insurance-specific needs,” said Rob Goldstein, chief operating officer at BlackRock. “We look forward to working with BNY to deliver a seamless experience to AIA.”

“We are proud to support AIA in enhancing their investment platform with a new data-driven operating model that will deliver critical insights, elevate the client experience, and improve operational efficiency,” said Emily Portney, global head of asset servicing at BNY Mellon. “We are also excited to continue our ongoing collaborative work with BlackRock, to deliver best-in-class solutions for our mutual clients.”

AIA dominated in the following categories:

number of inforce policies
new business policies
onshore new business policies
offshore new business policies
new office premiums from agency channels
annualised new premiums from agency channels
new business policies from agency channels
new business policies from brokerage channels

“My heartfelt gratitude to our customers for their staunch support and to our financial planners, distribution partners, and staff for their dedication and admirable teamwork,” said Alger Fung, chief executive officer of AIA Hong Kong & Macau.