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The Market

As at 30 June 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 June 2020, there were 2,398 licensed insurance agencies, 85,509 licensed individual insurance agents and 26,951 licensed technical representatives (agent).  In addition, there were 827 licensed insurance broker companies and 10,419 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.