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The Market

As at 30 September 2020, there were 165 authorized insurers in Hong Kong, of which 91 were pure general insurers, 53 were pure long term insurers and the remaining 21 were composite insurers.

As at 30 September 2020, there were 2,365 licensed insurance agencies, 86,351 licensed individual insurance agents and 26,777 licensed technical representatives (agent).  In addition, there were 832 licensed insurance broker companies and 10,780 licensed technical representatives (broker) on the same date.

In 2019, the total gross premiums of the Hong Kong insurance industry increased by 10.2% to $566.9 billion.