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The Market

As at 30 June 2023, there were 164 authorized insurers in Hong Kong, of which 89 were pure general insurers, 53 were pure long term insurers, 19 were composite insurers and 3 were special purpose insurers.

As at 30 June 2023, there were 1,722 licensed insurance agencies, 79,247 licensed individual insurance agents and 24,060 licensed technical representatives (agent).  In addition, there were 812 licensed insurance broker companies and 10,539 licensed technical representatives (broker) on the same date.

In 2022, the total gross premiums of the Hong Kong insurance industry decreased by 7.5% to $538.0 billion.