South China Insurance Co., Ltd. formally inaugurated operations on May 1, 1963, occupying an office located at No. 15 Hsinyang Street in Taipei. In September 1963, the company moved to No. 44, Section 1, Chungking South Road in Taipei. In reflection of expanding operations and the hiring of more staff, the company moved to a new building at No. 70, Section 1, Hankou Street in Taipei in April 1973. It moved again on May 17, 1986 to the fifth floor, No. 560, Section 4, Chunghsiao East Road. Operations continued to expand and the company needed even more office space. Therefore, in July 1998 it moved the headquarters’ business department to the third and fourth floors, No. 176, Section 1, Keelung Road in Taipei.

Initially, the company had only promotion and underwriting departments, and financial, administration and accounting offices. As operations grew, the company continued to add personnel to meet business needs. After various internal reorganizations, the headquarters now has the following departments: Fire Insurance, Marine Insurance, Casualty Promotion, Casualty Underwriting, Motor Underwriting, Motor Claims, Business Promotion I, Business Promotion II, Business Promotion III, Administration, Financial, Accounting, and Planning. It also has an Auditing Department, Computer Center as well as a unit focusing on internal controls and regulations. South China has seven branches throughout Taiwan in Taipei County, Taoyuan, Hsinchu, Taichung, Yuanlin, Tainan and Kaohsiung, and has 27 representative offices to provide service to all corners of Taiwan.

Over the past four decades, South China Insurance had adhered to a corporate philosophy focusing on honesty, integrity, kindness, rationality and diligence. It stresses professional, innovative and efficient operations to provide service to its customers. As the company’s capital has increased over the years, it began selling shares publicly in 1991 to strengthen organizational development, boost operational and managerial efficiency and enable the public to share in its operational achievements. In 1999, the company was granted approval to list on the stock market and did so on May 20 of that year. In light of trends in the financial industry, the need to expand the scale of operations, reduce costs and boost competitiveness, South China Insurance staged a share swap with HNFHC on August 15, 2003, which marked its entrance as a member of HNFHC. In order to provide the public more comprehensive coverage, South China is actively promoting the concept of damage prevention. By undertaking preventive measures, damages from accidents can be substantially alleviated. This concept has been quite successful. A team of highly trained professionals and a prudent management and organizational structure will continue to play important roles in achieving the goal of providing even more comprehensive service to customers.