List of insurance companies in Macau
All insurance companies in Macau are strictly regulated by the Monetary Authority of Macao (AMCM), and any insurer operating in Macau must obtain its authorization. According to the nature of their business, insurance companies in Macau are broadly divided into two categories: general insurance and life insurance. This classification helps to define the scope of specialization of different companies and safeguard consumer interests.
- General Insurance: Primarily covers short-term, non-savings insurance such as motor, household, travel, medical, and employee compensation insurance.
- Life Insurance: Mainly covers savings-oriented or long-term protection products, most commonly life insurance, annuity plans, and investment-linked life insurance. In Macau, medical insurance, critical illness insurance, and group insurance products are not restricted to general insurers; long-term insurers are also authorized to underwrite these products.
According to data disclosed by the AMCM, as of the first quarter of 2025, there were a total of 27 licensed insurance companies in Macau. All 13 life insurance companies were active in the life insurance market (including medical, critical illness, life, savings, and investment-linked life products).[1]
Insurance companies
Incorporated in Macau
According to the Monetary Authority of Macao, as of 9 January 2025, there were a total of 11 locally incorporated insurance companies in Macau, comprising 5 life insurance companies and 6 general insurance companies.[2][3]
| Regulated insurer incorporated in Macau | |||
|---|---|---|---|
| B: Bancassurance – the insurer distributes products primarily through banking channels. | |||
| Life Insurers | |||
| No | Insurer | Established | Notes |
| 1 | Companhia de Seguros de Vida Tahoe (Macau) | ||
| 2 | Fidelidade Macau Vida - Companhia de SegurosB | ||
| 3 | Seguradora Vida FWD (Macau) | ||
| 4 | Companhia de Seguros Luen Fung Hang-VidaB | ||
| 5 | Companhia de Seguros Vida China Taiping (Macau) | ||
| General Insurers | |||
| No | Insurer | Established | Notes |
| 6 | Companhia de Seguros da China Taiping (Macau) | ||
| 7 | Companhia de Seguros Luen Fung HangB | ||
| 8 | Companhia de Seguros de MacauB | ||
| 9 | Companhia de Seguros Delta ÁsiaB | ||
| 10 | Chubb Seguradora Macau | ||
| 11 | Fidelidade Macau- Companhia de SegurosB | ||
Incorporated outside Macau
According to the Monetary Authority of Macao, as of 9 January 2025, there were a total of 16 foreign-incorporated insurance companies operating in Macau, comprising 8 life insurance companies and 8 general insurance companies.[2][3]
| Regulated insurer incorporated outside Macau | ||||
|---|---|---|---|---|
| B: Bancassurance – the insurer distributes products primarily through banking channels. | ||||
| Life Insurers | ||||
| No | Country | Insurer | Established | Notes |
| 1 | Bermuda | AIA International | ||
| 2 | Mainland China | China Life Insurance (Overseas) | ||
| 3 | Canada | The Canada Life Assurance | ||
| 4 | Bermuda | AXA China Region Insurance Company (Bermuda) | ||
| 5 | Bermuda | Manulife (International) | ||
| 6 | Hong Kong | YF Life Insurance International | ||
| 7 | Bermuda | HSBC Life (International)B | ||
| 8 | Hong Kong | Prudential Hong Kong | ||
| General Insurers | ||||
| No | Country | Insurer | Established | Notes |
| 9 | Hong Kong | AIG Insurance Hong Kong | ||
| 10 | Hong Kong | Asia Insurance | ||
| 11 | Hong Kong | MSIG Insurance (Hong Kong) | ||
| 12 | Hong Kong | Min Xin Insurance | ||
| 13 | United States | Berkshire Hathaway Specialty Insurance | ||
| 14 | Hong Kong | AXA Seguros Gerais Hong Kong | ||
| 15 | Hong Kong | Companhia de Seguros Popular da China (Hong Kong) | ||
| 16 | Hong Kong | QBE Hongkong & Shanghai Seguros | ||
Market share
Insurance regulators around the world — including the Insurance Authority (IA) in Hong Kong and the National Association of Insurance Commissioners (NAIC) in the United States — 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.
Life insurance
The following table is compiled based on the “Insurance Activity - Quarterly Reports (Provisional Statistics)” published by the Monetary Authority of Macao. It is intended to reflect the market performance of active participants in Macau life insurance market.
| Market performance of the Life Insurance business (2023 – Q1 2025) | |||||||
|---|---|---|---|---|---|---|---|
| Rank | Insurer | Q1 2025[1] | 2024[4] | 2023[5] | |||
| GPW (MOP$’000) | Share | GPW (MOP$’000) | Share | GPW (MOP$’000) | Share | ||
| 1 | China Life (Overseas) Macau Branch | 3,393,844 | 32.96% | 13,341,176 | 37.05% | 10,826,820 | 31.64% |
| 2 | AIA International Macau Branch | 2,144,082 | 20.82% | 9,407,257 | 26.13% | 9,236,725 | 27.00% |
| 3 | Companhia de Seguros Vida China Taiping (Macau) | 1,850,291 | 17.97% | 3,715,686 | 10.32% | 3,327,084 | 9.72% |
| 4 | YF Life Insurance International Macau Branch | 926,018 | 8.99% | 3,121,877 | 8.67% | 4,063,546 | 11.88% |
| 5 | AXA China Region Insurance Company (Bermuda) Macau Branch | 697,463 | 6.77% | 2,466,874 | 6.85% | 2,361,592 | 6.90% |
| 6 | Manulife (International) Macau Branch | 562,614 | 5.46% | 2,095,450 | 5.82% | 2,058,209 | 6.02% |
| 7 | Seguradora Vida FWD (Macau) | 428,490 | 4.16% | 936,795 | 2.60% | 1,516,738 | 4.43% |
| 8 | Fidelidade Macau Vida - Companhia de Seguros | 155,537 | 1.51% | 491,480 | 1.36% | 476,198 | 1.39% |
| 9 | Companhia de Seguros Luen Fung Hang-Vida | 67,990 | 0.66% | 196,919 | 0.55% | 194,948 | 0.57% |
| 10 | HSBC Life (International) Macau Branch | 63,658 | 0.62% | 206,729 | 0.57% | 116,783 | 0.34% |
| 11 | Companhia de Seguros de Vida Tahoe (Macau) | 3,160 | 0.03% | 20,538 | 0.06% | 32,899 | 0.10% |
| 12 | Prudential Hong Kong Macau Branch | 1,846 | 0.02% | 3,055 | 0.01% | 327 | 0.00% |
| 13 | The Canada Life Assurance Macau Branch | 729 | 0.01% | 2,290 | 0.01% | 2,157 | 0.01% |
General insurance
The following table is compiled based on the “Insurance Activity - Quarterly Reports (Provisional Statistics)” published by the Monetary Authority of Macao. It is intended to reflect the market performance of active participants in Macau general insurance market.
| Market performance of the General Insurance business (2023 – Q1 2025) | |||||||
|---|---|---|---|---|---|---|---|
| Rank | Insurer | Q1 2025[1] | 2024[4] | 2023[5] | |||
| GPW (MOP$’000) | Share | GPW (MOP$’000) | Share | GPW (MOP$’000) | Share | ||
| 1 | China Taiping (Macau) | 345,825 | 40.00% | 963,586 | 32.90% | 944,265 | 33.16% |
| 2 | Luen Fung Hang | 212,477 | 24.57% | 609,174 | 20.80% | 608,774 | 21.38% |
| 3 | Asia Insurance Macau Branch | 90,472 | 10.46% | 258,843 | 8.84% | 256,428 | 9.01% |
| 4 | Companhia de Seguros de Macau | 67,361 | 7.79% | 339,434 | 11.59% | 255,004 | 8.96% |
| 5 | Fidelidade Macau- Companhia de Seguros | 48,353 | 5.59% | 146,591 | 5.00% | 190,937 | 6.71% |
| 6 | MSIG Macau Branch | 23,730 | 2.74% | 157,352 | 5.37% | 156,255 | 5.49% |
| 7 | Min Xin Macau Branch | 23,672 | 2.74% | 120,349 | 4.11% | 124,263 | 4.36% |
| 8 | AIG Macau Branch | 18,319 | 2.12% | 103,960 | 3.55% | 94,475 | 3.32% |
| 9 | Chubb | 13,569 | 1.57% | 63,180 | 2.16% | 55,392 | 1.95% |
| 10 | QBE Macau Branch | 8,320 | 0.96% | 74,625 | 2.55% | 64,405 | 2.26% |
| 11 | Companhia de Seguros Delta Ásia | 6,508 | 0.75% | 20,210 | 0.69% | 20,293 | 0.71% |
| 12 | Popular da China (Hong Kong) Macau Branch | 4,753 | 0.55% | 11,466 | 0.39% | 17,144 | 0.60% |
| 13 | AXA Macau Branch | 788 | 0.09% | 55,373 | 1.89% | 54,164 | 1.90% |
| 14 | Berkshire Hathaway Macau Branch | 464 | 0.05% | 4,957 | 0.17% | 5,726 | 0.20% |
See also
References
- ^ a b c "1st Quarter, 2025 (Premiums & Claims)" (PDF). www.amcm.gov.mo. Retrieved 2025-08-21.
- ^ a b "Life Insurers". www.amcm.gov.mo. Retrieved 2025-08-21.
- ^ a b "General Insurers". www.amcm.gov.mo. Retrieved 2025-08-21.
- ^ a b "4th Quarter, 2024 (Premiums & Claims)" (PDF). www.amcm.gov.mo. Retrieved 2025-08-21.
- ^ a b "4th Quarter, 2023 (Premiums & Claims)" (PDF). www.amcm.gov.mo. Retrieved 2025-08-21.