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The Market

As at 31 December 2022, there were 164 authorized insurers in Hong Kong, of which 89 were pure general insurers, 53 were pure long term insurers, 19 were composite insurers and 3 were special purpose insurers.

As at 31 December 2022, there were 1,736 licensed insurance agencies, 80,873 licensed individual insurance agents and 24,279 licensed technical representatives (agent).  In addition, there were 819 licensed insurance broker companies and 10,903 licensed technical representatives (broker) on the same date.

In 2021, the total gross premiums of the Hong Kong insurance industry increased by 0.06% to $581.7 billion.