Operations
HSBC Insurance (Asia-Pacific) Holdings Limited is the parent company of four insurance underwriting companies, include HSBC Insurance (Asia) Limited, HSBC Life (International) Limited, HSBC Insurance (Singapore) Pte Limited and HSBC Amanah Takaful (Malaysia) Sdn Bhd (49% held).
Through its various underwriting companies, HSBC Insurance sells its services to international and local brokers and agents, direct customers, and its principal agent, The Hongkong and Shanghai Banking Corporation.
HSBC Insurance has offices in Hong Kong, Macau, Singapore and Malaysia. In mainland China, it has representative offices in Beijing, Shanghai and Guangzhou. HSBC Life also opened a representative office in Hanoi, Vietnam in January 2007 and began operating in Taiwan in September 2007. HSBC Insurance's total assets stood at HK$100 billion at the end of June 2007.
Through joint ventures and partnerships, HSBC Insurance furthermore has a presence in:
- South Korea – a 50% less one share interest in Hana HSBC Life Insurance Company Limited.
- India – a 26% stake in Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (Insurance license pending regulatory approval).
- Vietnam – a 10% interest in BaoViet Holdings.
Read more about this topic: HSBC Insurance (Asia Pacific)
Famous quotes containing the word operations:
“Plot, rules, nor even poetry, are not half so great beauties in tragedy or comedy as a just imitation of nature, of character, of the passions and their operations in diversified situations.”
—Horace Walpole (1717–1797)
“You can’t have operations without screams. Pain and the knife—they’re inseparable.”
—Jean Scott Rogers. Robert Day. Mr. Blount (Frank Pettingell)
“A sociosphere of contact, control, persuasion and dissuasion, of exhibitions of inhibitions in massive or homeopathic doses...: this is obscenity. All structures turned inside out and exhibited, all operations rendered visible. In America this goes all the way from the bewildering network of aerial telephone and electric wires ... to the concrete multiplication of all the bodily functions in the home, the litany of ingredients on the tiniest can of food, the exhibition of income or IQ.”
—Jean Baudrillard (b. 1929)