BEA-AIA insurance premiums grow over 60% annually since 2021

HNW customers have become one of the partnership's fastest-growing segments.

The Bank of East Asia (BEA) recorded a compound annual growth rate of more than 60% in annualised new premiums (ANP) from its bancassurance partnership with AIA Hong Kong between 2021 and 2025.

The growth was supported by rising demand from high-net-worth (HNW) customers, which has become one of the fastest-growing segments of the partnership, with sustained year-on-year growth.

Fritz Chan, general manager and head of personal banking division and acting head of wealth management division at BEA, said the results reflected the strong cooperation between the two organisations.

The bank marked the fifth anniversary of its exclusive bancassurance partnership with AIA Hong Kong on 26 October, with a dinner attended by more than 250 guests, including management from both organisations and clients.

The bank said it would continue working with AIA Hong Kong to provide insurance and wealth accumulation solutions, including flexible protection plans, as the partnership enters its next phase.