The firm is also looking at allocating more to higher-yielding equity and fixed-income assets, noting how hard it is to achieve target returns these days.
Tag : hsbc insurance
David Fried, regional head of HSBC Insurance, says variable annuities must become more customer-focused if the business is to revive in Asia.
Meanwhile, the insurer is helping BaoViet launch Vietnam's first unit-linked investments.
HSBC pays $254 million for 10% of Vietnam's leading insurance firm, with an option to increase its stake to 25% over five years.
David Fried takes over the regional business as CF Choy focuses on the mainland.