Monday, March 1, 2010

Prudential to takeover AIA. What will happen to AIA policyholders?

I just read the news that Prudential will takeover AIA for US$35 million dollars. And I have a policy with AIA!!

Given this scenario, what will happen to AIA policyholders?

Will AIA still exist as a company or will all existing policies be taken over by Prudential?

I would like to think that AIA will soon stop existing as a company and that Prudential will just take over all existing policies in due time. This will be the most efficient way to run the business if I were the CEO.

Sometime back, Manulife bought over John Hancock and all policies were taken over by Manulife. John Hancock (JH) simply ceased to exist as an entity in a certain sense as you do not see any new JH policies or any JH agents around here in Singapore.

What do you think?

3 comments:

  1. Yes, jobs are not safe for those AIA agents.

    ReplyDelete
  2. Actually... we still exist at 2 separate entities, No changes to existing AIA policyholders or AIA Agents.

    Besides, none of the contracts signed gave the insurer the right to change anything without the client's permission, so I wouldn't worry too much.

    ReplyDelete

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