List of insurance companies in Macau

According to data disclosed by the Monetary Authority of Macao, 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 Headquarter Insurer Established Notes
1  Bermuda AIA International
2  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 Headquarter 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

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

  1. ^ a b c "1st Quarter, 2025 (Premiums & Claims)" (PDF). www.amcm.gov.mo. Retrieved 2025-08-21.
  2. ^ a b "Life Insurers". www.amcm.gov.mo. Retrieved 2025-08-21.
  3. ^ a b "General Insurers". www.amcm.gov.mo. Retrieved 2025-08-21.
  4. ^ a b "4th Quarter, 2024 (Premiums & Claims)" (PDF). www.amcm.gov.mo. Retrieved 2025-08-21.
  5. ^ a b "4th Quarter, 2023 (Premiums & Claims)" (PDF). www.amcm.gov.mo. Retrieved 2025-08-21.
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