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The Market

As at 31 December 2019, there were 163 authorized insurers in Hong Kong, of which 91 were pure general insurers, 51 were pure long term insurers and the remaining 21 were composite insurers.

As at 31 December 2019, there were 2,413 licensed insurance agencies, 82,665 licensed individual insurance agents and 26,641 licensed technical representatives (agent).  In addition, there were 824 licensed insurance broker companies and 9,840 licensed technical representatives (broker) on the same date.

In 2018, the total gross premiums of the Hong Kong insurance industry increased by 5.2% to $514.5 billion.