| | |
| Abstract: | Integral to the banking parent for provision of life insurance and wealth management products to customers. Well-established brand in Hong Kong, supported by the extensive distribution network of Hang Seng Bank. Low debt leverage and strong ability to service interest on debt obligations. Volatile capital and earnings due to business expansion and sensitivity to capital market movements. Portfolio slightly concentrated in the financial sector, which exposes the company to additional investment risk. The ratings on Hang Seng Insurance Co. Ltd. reflect our view that the insurer's business is integrated with the wealth-management strategy of The Hongkong and Shanghai Banking Corp. Ltd. (HSBC Asia Pacific) (AA-/Stable/A-1+) group. Hang Seng Insurance operates a strong bancassurance model, has access to Hang Seng Bank's |
| | |
| Brief Excerpt: | ...Strengths Weaknesses + Integral to the banking parent for provision of life insurance and wealth management products to customers. + Well-established brand in Hong Kong, supported by the extensive distribution network of Hang Seng Bank. + Low debt leverage and strong ability to service interest on debt obligations. + Volatile capital and earnings due to business expansion and sensitivity to capital market movements. + Portfolio slightly concentrated in the financial sector, which exposes the company to additional investment risk.... |
| | |
| Report Type: | |
| Ticker | HSICLZ@HK |
| Issuer | |
| GICS | Multi-line Insurance (40301030) |
| Sector | Global Issuers, Public Finance, Structured Finance |
| Country | |
| Region | Europe, Middle East, Africa |
| Format: | | PDF |  |
|
| |
