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The Market

As at 30 June 2022, there were 164 authorized insurers in Hong Kong, of which 90 were pure general insurers, 53 were pure long term insurers, 19 were composite insurers and 2 were special purpose insurers.

As at 30 June 2022, there were 1,981 licensed insurance agencies, 83,410 licensed individual insurance agents and 24,830 licensed technical representatives (agent).  In addition, there were 819 licensed insurance broker companies and 11,068 licensed technical representatives (broker) on the same date.

In 2021, the total gross premiums of the Hong Kong insurance industry increased by 0.06% to $581.7 billion.