All insurance companies operating in Hong Kong are subject to regulation by the Insurance Authority (IA), and must be authorised by the IA to carry on insurance business in the territory. Depending on the nature of business, insurance companies in Hong Kong are broadly classified into three main categories: General Business, Long Term Business, and Composite Business.
According to provisional figures published by the Insurance Authority, as of Q1 2025, there were a total of 158 authorised insurers in Hong Kong. However, only 35 were actively participating in the direct individual new business market, which includes medical, critical illness, life protection, savings, and investment-linked life insurance products.
According to information published by the Insurance Authority, as at 26 June 2025, there were a total of 94 insurers incorporated in Hong Kong. These comprised 26 long term business insurers, 10 composite insurers, and 55 insurers authorised to conduct only general business.
According to information published by the Insurance Authority, as at 26 June 2025, there were a total of 64 insurers incorporated outside Hong Kong. These included 25 long term business insurers, 9 composite insurers, and 30 insurers authorised to conduct only general business.
Insurance regulators around the world â including the Insurance Authority (IA) in Hong Kong and the National Association of Insurance Commissioners (NAIC) in the United States â regularly publish premium income statistics. These figures are widely used to analyse market trends, assess the market position of individual insurers, and serve as key reference points for evaluating solvency and risk management practices.
The following table is compiled based on the Provisional Statistics on Hong Kong Long Term Business published by the Insurance Authority. It aims to reflect the market performance of active participants in Hong Kong direct individual new business market. In accordance with international insurance statistical practices and to ensure cross-border data comparability, Gross Written Premiums (GWP) in these statistics exclude retirement scheme business that is purely of an asset management or administrative nature (such as Class G and H). Such business is treated as assets under management rather than insurance premiums involving biometric risks (e.g., mortality, longevity, or disability).
The following is compiled based on direct business data from the Provisional Statistics on Hong Kong General Business published by the Insurance Authority of Hong Kong. The table aims to reflect the market performance of active participants in Hong Kong general business market.