Insurers and insurance intermediaries, i.e. insurance brokers and agents, are all regulated under Hong Kong law.
The insurance industry is regulated by the Insurance Authority, the Hong Kong Federation of Insurers.
INLE Risk Management is member of the Professional Insurances Brokers Association of Hong Kong – PIBA No.: 0713.
All of INLE Risk Management’s Technical Representatives are also licensed under the Professional Insurance Brokers Association. INLE Risk Management and its Technical Representatives can be looked up on the Professional Insurance Brokers Association’s website or here: http://www2.piba.org.hk/~ima/pn01_0.php?srhtyp=M&lang=en
As of September 30th, 2018, there were 778 authorized insurance brokers and 9,436 registered chief executives and technical representatives. For insurance agents, there were 67,881 appointed insurance agents (2,417 agencies and 65,464 individual agents) and 25,221 responsible officers and technical representatives.
Insurance Business | 2015 HKD Million | 2016 HKD Million | 2017 HKD Million |
General | 45,983 | 45,535 | 48,257 |
Long Term | 328,145 | 406,204 | 440,915 |
Total | 374,128 | 451,739 | 489,172 |