As at 31 March 2009, there were 175 authorized insurers in Hong Kong, of which 110 were pure general insurers, 46 were pure long-term insurers and the remaining 19 were composite insurers.
According to the statistics as at 31 March 2009 provided by the Insurance Agents Registration Board ("IARB"), there were 2,313 insurance agencies, 30,764 individual agents and 26,516 responsible officers/technical representatives registered with the IARB.
There were 544 authorized insurance brokers as at 31 March 2009. All of them are members of the two approved bodies of insurance brokers, namely The Hong Kong Confederation of Insurance Brokers and Professional Insurance Brokers Association. In addition, there were 7,377 persons registered as chief executives/technical representatives of these authorized brokers as at 31 March 2009.
The Hong Kong insurance industry as a whole has continued to grow in 2007. According to the latest audited returns filed by the insurers, total gross premiums grew by 26.4% to HK$197.3 billion, representing 12.2% of the Hong Kong Gross Domestic Product.
