BEING PART of the AIA Group, Ltd. gives the Philippine American Life and General Insurance Co. (Philamlife), the country’s largest insurer, the platform to exploit the opportunities afforded by the elimination of trade barriers among members of the Association of Southeast Asian Nations (ASEAN) by 2015.
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BusinessWorld in an interview yesterday. “We are also hoping that when trade barriers are removed in 2015, we can use AIA’s presence in different Asian countries as servicing centers for our overseas Filipino workers (OFWs),” Mr. Tan added.
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Philamlife would have been sold as part of parent firm AIG’s fund-raising to pay back the US government that came to AIG’s rescue during the financial crisis.
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AIA providing Philamlife access to ASEAN region – BusinessWorld Online
