Investor Presentaiton
Leveraging AIA's Expertise to Deliver Significant Upside
AIA
Significant Value Upside Opportunity
Increase New Business
Penetration1 from ~1%
Expand China Post Life Share of
PSBC New Business
AIA Group Office Expertise To Deliver Value
Technical Assistance Advisory Committee supporting long-term
value creation through a dedicated joint team between China Post
Life and AIA Group Office focusing on:
622m
PSBC Retail Customers
Improve Product Profitability
and Product Mix
2020 VONB Margin
China Post Life
AIA Group
Bancassurance
1
Transforming and growing distribution capabilities
2
Developing long-term, protection-led propositions
Deliver Material Growth
in VONB
3
Expanding technology, digital and analytics enablement
US$269m
4 Enhancing investment and actuarial expertise
2020 VONB²
5
Delivering world-class risk management and governance
Notes: All figures are as at end 2020 unless otherwise stated. Source: company data.
1. Penetration has been determined as number of China Post Life in-force policies divided by total PSBC retail customers.
2. VONB is stated on China Post Life embedded value basis, translated into United States Dollars based on average spot rates over the period.
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