AIA Adopts Suite of Investment Solutions from Bloomberg

Solutions support its growing investment operations in Asia across trade order management, trade routing, compliance, risk analytics and research

Hong Kong/Singapore, March 16, 2017 — Bloomberg announced today that AIA Group Limited (“AIA”), the global insurance organization, adopted its full suite of buy-side investment solutions, encompassing risk analytics, compliance, research, data and multi-asset trading under one inter-operable workflow.  The adoption spans the entire breadth of Bloomberg’s flagship buy-side platform with full multi-asset capabilities, consisting of a suite of risk portfolio management, compliance, order management system, execution management system, electronic trading and operational tools.

AIA is the largest independent publicly listed life insurance group in Asia, managing more than US$185 billion in customer assets.  It has a presence in 18 markets across Asia-Pacific, including Hong Kong, Singapore, Thailand, Vietnam, Indonesia, Malaysia, Australia, Korea and China, where Bloomberg’s solutions are deployed.

“It has been exciting to partner with a top investment manager like AIA to realize the benefits of using Bloomberg across the entire investment workflow,” said Taran Khera, Bloomberg’s Head of APAC. “With new regulatory requirements for the buy-side and focus on pursuing new growth avenues, leading asset managers in Asia are increasingly seeking integrated, multi-asset, front-to-back office technology platforms to support their current and future investment needs.”

Mark Konyn, Chief Investment Officer at AIA, said: “As the pre-eminent life insurer in Asia Pacific, with a growing asset base and operations in multiple jurisdictions, we place a great deal of emphasis in ensuring that we have the right, robust technology platforms in place to  perform seamlessly across geographies, regulatory jurisdictions and risk profiles. We are pleased to be working with Bloomberg to deliver a scalable workflow solution to help us meet our technology needs.”

Bloomberg’s buy-side order management system (AIM) and portfolio & risk analytics solution (PORT) allow AIA to analyze, structure and manage its global and cross-asset portfolio. A further integration with Bloomberg’s multi asset risk system (MARS) suite of solutions offers the group deep visibility into the risk profile of its derivatives books.  In particular, AIA can generate analytics for front office derivatives trading, valuation, full revaluation VAR (value at risk) and CVA (credit value adjustment) using Bloomberg’s MARS, all powered by a robust library of pricing models and data that covers everything from plain vanilla to exotic instruments.  This allows AIA to manage their credit, market and counterparty risks timely and effectively.

Recently, Bloomberg Research Management Solutions (RMS) worked with AIA to roll out a research platform that allows the firm to publish investment ideas generated by AIA’s in-house analysts and collaborate across teams.  This complements the investment workflow by combining Bloomberg’s best-of-breed market data and analytical tools, third party market research and AIA’s in-house research insight into a single source easily accessible across the entire organization.

About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com or request a demo.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, Cambodia, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and a representative office in Myanmar.

The business that is now AIA was first established in Shanghai almost a century ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$185 billion as of 30 November 2016.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

Media Contacts

Bloomberg

• APAC, Jenny Yeo, jyeo58@bloomberg.net, +65-6499-2926 and Robert Koh, rkoh22@bloomberg.net, +852-2977-2101
• EMEA, Anna Schoeffler, aschoeffler@bloomberg.net, +44-20-3525-0776
• S., Vera Newhouse, vnewhouse@bloomberg.net, +212-617-6420
• LATAM, Pam Snook, pamsnook@bloomberg.net, +212-617-7652