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Statistics - Insurance Intermediary Licence


Number of Licensed Insurance Intermediaries by Licence Type
(as of 31 October 2023)

 
  Number of licensees with appointing principals Number of licensees without appointing principals Total number of licensees
Individual Licensees      
Licensed Individual Insurance Agents  72,344 5,396 77,740
Licensed Technical Representatives (Agent) *  22,499 1,233 23,732
Licensed Technical Representatives (Broker)  9,866 612 10,478
Total Number of Licensees Being Individuals 104,709 7,241 111,950
       
Business Entities      
Licensed Insurance Agencies *  1,690 14 1,704
Licensed Insurance Broker Companies Not applicable Not applicable 809
       
       
Total Number of Licensed Insurance Intermediaries     114,463

* There were 39 authorized institutions registered as licensed insurance agencies, with around 18,275 individuals registered as their licensed technical representative (agent).

Number of Licensed Insurance Intermediaries by Eligible Line of Business (as of 31 October 2023)   

Individual Licensees  
General Business# 6,245
Long Term Business (excluding Linked Long Term Business) 30,289
Long Term Business (including Linked Long Term Business) 13,987
General Business# and Long Term Business (excluding Linked Long Term Business) 18,709
General Business# and Long Term Business (including Linked Long Term Business) 41,641
Restricted Scope Travel Business 1,079
Total 111,950
 
Licensed Insurance Agencies  
General Business# 1,123
Long Term Business (excluding Linked Long Term Business) 32
Long Term Business (including Linked Long Term Business) 46
General Business# and Long Term Business (excluding Linked Long Term Business) 112
General Business# and Long Term Business (including Linked Long Term Business) 100
Restricted Scope Travel Business 291
Total 1,704
 
Licensed Insurance Broker Companies  
General Business  81
Long Term Business (excluding Linked Long Term Business) 19
Long Term Business (including Linked Long Term Business) 88
General Business and Long Term Business (excluding Linked Long Term Business) 171
General Business and Long Term Business (including Linked Long Term Business) 450
Total 809

 
 Excluding Restricted Scope Travel Business