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The Market

As at 30 September 2019, there were 162 authorized insurers in Hong Kong, of which 91 were pure general insurers, 50 were pure long term insurers and the remaining 21 were composite insurers.

As at 30 September 2019, there were 2,413 licensed insurance agencies, 78,245 licensed individual insurance agents and 25,642 licensed technical representatives (agent).  In addition, there were 819 licensed insurance broker companies and 9,501 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.