HSBC Insurance has achieved impressive growth over recent years, making it a significant business of the HSBC Group, a well-established leading financial organisation. For our insurance customers, this translates into increased security and reliability. Backed by one of the largest financial institutions in the world, we are a leading insurance and pension provider that will be here to offer protection and settle claims for many years to come.

Our share of the annualised new premiums of the individual life insurance market in Hong Kong accounted for 23.3% in June 2007. The acquisition of Keppel Insurance (renamed HSBC Insurance (Singapore)) also contributed significantly to our revenues, as did income from insuring commercial premises.

The total number of employees at HSBC Insurance also increased significantly from about 700 in 2000 to 1,330 in 2007. At 30 June 2007, HSBC Insurance's total assets stood at HK$100 billion.