"We expect the outbreak of Covid-19 to slow AIA's growth in new business in China and Hong Kong. With social distancing likely to persist, insurance agents' face-to-face interaction will remain subdued for 2020," S&P Global Ratings said.
SINGAPORE: S&P Global Ratings believes AIA Group Ltd.'s geographically diversified business and very strong capital position will help the insurer absorb a dip in premiums and earnings in 2020.
It said in a statement on Thursday this was amid the equity market rout globally and the Covid-19 outbreak.
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