AIA Announced as New Owner of Sovereign
The future of Sovereign Insurance is looking brighter today, after the AIA group announced its purchase of the company - marking one of the largest deals in the insurance industry in New Zealand.
The AIA Group sees great potential in the New Zealand market and is deeply committed to providing innovative insurance solutions for customers. AIA actively pursues its purpose to ‘Make a Difference in People’s Lives’ and help champion New Zealand to be the healthiest and most protected nation in the world.
Though the owner of Sovereign has changed, there will be no changes to Sovereign’s current customers’ insurance arrangements. AIA has long term plans to bring innovative insurance solutions to New Zealanders.
Programs like AIA Vitality and Rehabilitation and Return to Work have been tremendously valued by customers in other AIA locations.
AIA is the largest life insurance company in the world, serving the holders of more than 30 million individual policies. AIA provides protection to people across Asia Pacific with a total sum assured of over US $1 trillion including over 16 million members of group insurance schemes.
One of the biggest changes for Sovereign will be being owned by a life insurance company, the largest globally. AIA will be combining the best systems, products and processes with significant experience, to make insurance more accessible across New Zealand.
If you have any questions or concerns regarding this please contact Shaun Nicol at
Future Insurance on 0210 39 1899 email firstname.lastname@example.org
Shaun Nicol is an Independent Insurance Adviser.
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