Our business
HSBC Life manufactures life and health insurance products in 9 key global markets, including Hong Kong, Macau, mainland China, Singapore, India2, Malta3, France4, the United Kingdom, and Mexico5, and have a reinsurance presence in Bermuda. We also distribute a range of insurance products from strategic partners in the markets across the world to meet customer needs.
As the top three international insurers in Asia6, HSBC Life demonstrates its robust capabilities and strengths by offering customised solutions to meet the growing demand for wealth and insurance services in the region:
- No. 1 market share in Hong Kong7
- Strengthening insurance business presence in mainland China through HSBC Life China, and distribute insurance products through the HSBC bancassurance and HSBC Insurance Brokerage Company Ltd – offering comprehensive insurance protection and wealth planning solutions
- Issued the most valuable life insurance policy in the world
- No.1 insurer in AFFLUENTIAL WealthLensTM Brand Affinity 2024 Rankings for high-net-worth individuals in Singapore
Insurance is a key accelerator and differentiator of HSBC’s wealth management franchise. We provide tailored solutions to meet customers’ needs at different life stages.
Edward Moncreiffe, CEO, Global Insurance, HSBC
Awards and accolades
Our success and achievements are recognised by insurance industry:
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Hong Kong and Macau |
Brand of the Year
Winner - Outstanding Claims Management Award – Life Insurance
Health Insurance Company of the Year |
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Mainland China |
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Singapore |
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Notes:
2. Operating via Canara HSBC Life Insurance, a joint venture between HSBC, Canara Bank and Punjab National Bank.
3. In September 2024, HSBC announced the Strategic Review of our 70% shareholding of HSBC Malta.
4.Our local operating company in France is known as HSBC Assurances. In December 2024, HSBC Continental Europe signed a Memorandum of Understanding regarding the potential sale of its French life insurance business, HSBC Assurances Vie (France), to Matmut Société d’Assurance Mutuelle (‘Matmut’).
5. Our local operating company in Mexico is known as HSBC Seguros.
6. Asia Insurance Review: https://www.asiainsurancereview.com/News/View-NewsLetter-Article/id/88376/Type/eDaily/Hong-Kong-Insurance-industry-grows-by-12-in-1Q2024/1/sid/229267
International insurer means an insurance company operating in more than one market in Asia (e.g. AIA, Prudential, Manulife, FWD, SunLife).
7. According to the provisional statistics of the Hong Kong insurance industry released by the Insurance Authority, HSBC Life ranked first in Hong Kong for individual life New Business Premiums in 2022 and 2023.
Our history
This is the story of our origins, growth, challenges and international expansion.