Message : Required fields March 12 (Reuters) - Insurer AIA Group Ltd on Friday reported a worse-than-expected drop in full-year new business value, weighed by lower demand for new policies during the COVID-19 pandemic. Insurers globally have been hit by pandemic-related claims for travel, business interruption and event cancellations as well as reduced demand for life insurance policies due to the economic slowdown. In Asia, insurance firms mainly rely on their army of agents for product sales, which have been dented by lockdowns and social distancing measures put in place by various countries to contain the pandemic. AIA's value of new business (VONB), which measures expected