Asia Financial Holdings Limited (incorporated in Bermuda with limited liability) is a pioneering force in the insurance and health industry. We commit our experience and capital to solutions that help people across Asia safeguard their futures.
Identifying unique opportunities allows us to unlock and enhance value for our company and shareholders. Continually transforming to keep up with the fast-changing regional business environment, we are working to build upon our proven track record. Our depth of experience is bolstered by strong fundamental leadership principles and over six decades of expertise.
We are listed in Hong Kong (HKSE: 0662.HK), and our major shareholders include Claremont Capital Holdings Ltd, Bangkok Bank Public Company Ltd, Aioi Nissay Dowa Insurance Co. Ltd and Sompo Japan Insurance Inc.
OUR VISION
Asia Financial is dedicated to the long-term prosperity and well-being of Hong Kong and the Asia Pacific region. With our core focus on insurance, retirement, and healthcare & wellness industries, our long-term strategic partnerships, ventures, and investments create value for stakeholders while enacting positive changes on the environment and the community at large.
Aligned with the same vision and values, our partners deliver a diverse range of customised products and services that empower clients to protect themselves and their loved ones from risk, as well as secure their financial assets. We look ahead to building a better, healthier, and prosperous future with the well-being of our internal and external stakeholders in mind.
OUR STRATEGIES
Asia Financial takes a proactive and disciplined approach to anticipate shifts in market dynamics and the regulatory landscape, which in turn enables us to identify relevant risks and opportunities. We aim to generate maximum, lasting returns for our stakeholders through prudent direct and indirect investment in high-quality assets. Specifically, we look primarily to Greater China and other markets across Asia for direct investments.
Asia Financial invests with a long-term vision and a collaborative spirit. Approaching our business in this way ensures that we can deliver concrete and sustainable returns for generations to come. In this increasingly innovative era, adopting new technologies and forward-thinking is imperative to achieve optimal performance and financial strength. We believe technology-driven service providers are on a path to success with their deep understanding of customer expectations and technological trends to reimagine the value that can be delivered to their customers.
We pride ourselves on a culture of integrity, forming strategic partnerships only with the best insurance and healthcare companies to consolidate our position as a market leader. We contribute our expertise and provide hands-on support to our portfolio companies by taking board seats and offering access to our strategic know-how and extensive regional networks.
AFH CORE VALUES
At Asia Financial, our values reflect who we are and drive our business.
OUR KEY CURRENT INVESTMENTS
We secure growth opportunities arising from economic development, sociodemographic trends and government policy changes. We apply a thematic approach to capture the region’s growing potential. Specifically, we foresee growing demand for:
General & Life Insurance
As Asia continues to be the world's most dynamic and fastest growing region, individuals and corporates alike are seeking comprehensive coverage and innovative solutions to protect themselves from risk.
Retirement Funds & Pensions
The scale of population ageing in Asia is unprecedented, with an increase in healthy life expectancy giving rise to fiscal pressure on retirement funds and pension schemes. Rising consumer expectations and increased regulatory scrutiny require the careful application of technology.
Healthcare & Medical Services
Asia is poised for growth in the healthcare industry, with many organisations applying a digital focus to get ahead. An ageing population, increase in chronic diseases, and burgeoning middle class are pushing demand for quality, affordable medical care across the region.
OUR TEAM
OUR LEGACY
TIMELINE
1940's
1946
Chin Sophopanich, the founder of Bangkok Bank, acquires shares of The Hong Kong and Swatow Commercial Bank
1950's
1955
The Hong Kong and Swatow Commercial Bank becomes an authorized institution
Robin Chan joins the Bank
1959
Chin Sophonpanich, Robin Chan, Sebastian Lau and other prominent Chinese businessmen found Asia Insurance
1960's
1965
The Hong Kong and Swatow Commercial Bank is renamed The Commercial Bank of Hong Kong (“CBHK”)
Bangkok Bank acquires shares of CBHK
1967
Robin Chan becomes General Manager of CBHK
1970's
1972
Tokai Bank of Japan becomes a shareholder of CBHK
Asia Insurance is listed on the former Four Exchanges in Hong Kong
1976
Continental Group of USA (holding company of Diners Club) becomes a shareholder of Asia Insurance
1980's
1982
Asia Insurance opens its representative office in Taiwan
1983
Asia Insurance opens its Macau Branch
1985
Robin Chan becomes Chairman & Managing Director of CBHK
1989
Chiyoda Fire & Marine Insurance of Japan becomes a shareholder of Asia Insurance
1990's
1990
CBHK & Asia Insurance merge to form Asia Financial Holdings Ltd. and is listed on the Hong Kong Stock Exchange
1991
The Shenzhen branch of CBHK opens in Mainland China
1995
The Group goes through a corporate identity revamp
CBHK is renamed Asia Commercial Bank (ACB)
Asia Insurance obtains a Standard & Poor's “A-” rating
1996
Asia Insurance upgrades its Taiwan representative office to a branch office
Asia Insurance invests in AR Consultant Services (Hong Kong) Ltd to offer reinsurance brokering services
Asia Insurance (Cambodia) PLC is set up with other partners to offer general insurance products
1999
BCT was formed with other local banks to offer mandatory provident fund (MPF) services
2000's
2001
Hong Kong Life is established with other local financial institutions to offer life insurance services
BC Reinsurance Limited is formed with other banking institutions to offer reinsurance services
2002
The People's Insurance Company of China (Hong Kong) is established in partnership with The People's Insurance Company (Group) of China ("PICC")
2003
Cambodia Reinsurance is established with the Ministry of Economy and Finance of Cambodia, along with other financial institutions to underwrite general reinsurance business
2005
Asia Financial, PICC, Bangkok Bank and Sumitomo Life Insurance Co. of Japan forms a joint venture to establish PICC Life Insurance with a nationwide license to provide life insurance products in Mainland China
2006
Asia Commercial Bank sells for HK$4.58 billion
The Chan's family increases its stake to over 50% in Asia Financial
2007
Asia Financial invests in Bumrungrad Hospital in Bangkok
2008
Aioi Nissay Dowa Insurance and Sompo Japan Insurance joins the Chan family and Bangkok Bank as major shareholders of Asia Financial
2009
Asia Insurance celebrates its 50th Anniversary
Bernard Chan is appointed the Group President
Standard & Poor's raises Asia Insurance's insurer financial strength rating and counterparty credit rating from “A-” to “A”
AFH Charitable Foundation Limited is established
2010's
2014
BE Reinsurance Limited is set up with Asia Insurance, Sirius International Insurance, Sweden and other partners to underwrite general reinsurance business
2015
Asia Insurance joins other insurance groups to form Bangkok Insurance (Lao) Co Ltd, underwriting general insurance
2016
Asia Insurance ranks 1st in underwriting profit among Hong Kong general insurers