The Market

As at 30 September 2022, there were 164 authorized insurers in Hong Kong, of which 90 were pure general insurers, 53 were pure long term insurers, 19 were composite insurers and 2 were special purpose insurers.

As at 30 September 2022, there were 1,741 licensed insurance agencies, 80,834 licensed individual insurance agents and 24,475 licensed technical representatives (agent).  In addition, there were 819 licensed insurance broker companies and 10,990 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.