We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

HSBC’s 2009 net profit rises, but falls below expectations

The company made net profits of $5.83 billion during the year, as opposed to analysts' expectations of $6.4 billion.


March 1, 2010 5:15 by

HSBC Holdings reported a 1.9 percent increase in net profits for 2009 to reach $5.83 billion, up from $5.73 billion in 2008, it said on Monday. However, the figure fell below analysts’ expectations of $6.4 billion. Meanwhile, revenues rose from $5.73 billion in 2008 to $5.83 billion last year, the company said.

HSBC said that impairment charges and other credit risk provisions increased to $26.5 billion in 2009 compared to $24.9 billion the previous year. The company’s pretax profit also fell by 74 percent in the Middle East, 63 percent in Europe, and 9.4 percent in Asia as compared to 2008, it said.


Tags: , , , ,

Leave a Comment