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Statistics - Insurance Intermediary Licence


Number of Licensed Insurance Intermediaries by Licence Type
(as of 30 Apr 2023)

 
  Number of licensees with appointing principals Number of licensees without appointing principals Total number of licensees
Individual Licensees      
Licensed Individual Insurance Agents  74,055 4,993 79,048
Licensed Technical Representatives (Agent) *  22,803 1,278 24,081
Licensed Technical Representatives (Broker)  9,859 741 10,600
Total Number of Licensees Being Individuals 106,717 7,012 113,729
       
Business Entities      
Licensed Insurance Agencies *  1,717 15 1,732
Licensed Insurance Broker Companies Not applicable Not applicable 815
       
       
Total Number of Licensed Insurance Intermediaries     116,276

* There were 40 authorized institutions registered as licensed insurance agencies, with around 18,393 individuals registered as their licensed technical representative (agent).

Number of Licensed Insurance Intermediaries by Eligible Line of Business (as of 30 Apr 2023)   

Individual Licensees  
General Business# 6,330
Long Term Business (excluding Linked Long Term Business) 30,646
Long Term Business (including Linked Long Term Business) 14,842
General Business# and Long Term Business (excluding Linked Long Term Business) 18,988
General Business# and Long Term Business (including Linked Long Term Business) 41,666
Restricted Scope Travel Business 1,257
Total 113,729
 
Licensed Insurance Agencies  
General Business# 1,138
Long Term Business (excluding Linked Long Term Business) 34
Long Term Business (including Linked Long Term Business) 52
General Business# and Long Term Business (excluding Linked Long Term Business) 112
General Business# and Long Term Business (including Linked Long Term Business) 102
Restricted Scope Travel Business 294
Total 1,732
 
Licensed Insurance Broker Companies  
General Business  82
Long Term Business (excluding Linked Long Term Business) 19
Long Term Business (including Linked Long Term Business) 85
General Business and Long Term Business (excluding Linked Long Term Business) 172
General Business and Long Term Business (including Linked Long Term Business) 457
Total 815

 
 Excluding Restricted Scope Travel Business