Our business
HSBC Life manufactures life and health insurance products in 7 key global markets, including Hong Kong, Macau, mainland China, Singapore, India1, Malta2, and Mexico3, 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 leading life insurer in Asia4, 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 Kong for 3 consecutive years5
- 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
- Provided USD450m in life insurance coverage to a single family for legacy planning under the bespoke HSBC Life Private Wealth Variable Universal Life plan
- No.1 insurer in AFFLUENTIAL WealthLensTM Brand Affinity 2024 and 2025 Rankings for high-net-worth individuals in Singapore
Access HSBC Life Asia Pacific Pitchbook to discover how HSBC Life is driving growth and supporting our customers in the region.
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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, Insurance, HSBC
Awards and accolades
Our success and achievements are recognised by insurance industry:
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Hong Kong and Macau |
Life Insurance Company of the Year Excellence in Customer Acquisition and Engagement (Life Insurance)
Brand of the Year
Best Bancassurance Partnership
Outstanding Customer Services Award - Life Insurance
Bronze Award for the GBA Training Programme
3 Macau Wealth Planning Specialists received the prestigious award |
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Mainland China |
The Yealy Best Received Product by HNWs
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Singapore |
Marketing Initiative of the Year – Singapore
Insurance Company of the Year, Employee Benefits
Outstanding Customer Relations & Brand Engagement Initiative
High-net-worth individuals No. 1 insurer
No. 1 in Customer Experience among insurance companies
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Notes:
- Operating via Canara HSBC Life Insurance, a joint venture between HSBC, Canara Bank and Punjab National Bank.
- In September 2024, HSBC announced the Strategic Review of our 70% shareholding of HSBC Malta.
- Our local operating company in Mexico is known as HSBC Seguros.
- 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).
- According to the provisional statistics of the Hong Kong insurance industry released by the Insurance Authority, HSBC Life continued to rank first in Hong Kong for individual life New Business Premiums from 2022 to 2025Q1.
Our history
This is the story of our origins, growth, challenges and international expansion.