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The Market


As at 31 March 2020, there were 163 authorized insurers in Hong Kong, of which 90 were pure general insurers, 52 were pure long term insurers and the remaining 21 were composite insurers.

As at 31 March 2020, there were 2,412 licensed insurance agencies, 85,287 licensed individual insurance agents and 27,268 licensed technical representatives (agent).  In addition, there were 825 licensed insurance broker companies and 10,214 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.