Hong Kong - A Global Insurance Hub that Insures Event Success
As a premier global financial hub, Hong Kong boasts a thriving insurance sector with unmatched access to the Greater Bay Area‘s over 87 million market. Nestled in the heart of the fastest growing region – Asia, Hong Kong stands out as the top destination for international insurance events, offering unparallelled opportunities to drive growth locally, regionally and globally.
An Insurance Market with High Penetration and Density
Hong Kong’s domestic insurance industry for its population of just 7.5 million has already achieved the world’s highest penetration rate of 17.2%, with total premiums of HK$550 billionin 2023, ranking 16th in the world as an insurance market as an insurance market.
Home to about 160 authorised insurers, Hong Kong has six of the world's top ten. The insurance industry, as the pillar of the city’s economy, contributed 3.5% of the city’s gross domestic product (GDP) in 2023. The sector boasts a massive talent pool of more than 118,000 licensed insurance intermediaries working with 40 licensed insurance agencies (as of March 2025). The depth of experience, connections and innovative product internationalisation gives the sector ongoing momentum to grow within and beyond the borders.
World’s Highest Penetration Rate
Insurance Density
Insurance Market
of world's top 10 insurers
Hong Kong is a top-notch insurance hub. Out of the 20 top world insurers, 12 of them have a presence in Hong Kong and operate here. Hong Kong has a very dynamic ecosystem and gathers industry professionals including international brokers, intermediaries, agents, virtual insurers and more. With our connectivity with the Greater Bay Area, Hong Kong is not only the gateway to Mainland China, but also a platform for mainland Chinese insurers to expand overseas.
Hong Kong boasts a robust banking sector, dynamic capital market and comprehensive asset management industry, providing a strong foundation for its status as a leading global financial centre.
Association of Hong Kong Ltd and Council Member of Asia Pacific Financial Services Association
Premium Access to Growth Potential in Greater Bay Area (GBA)
The GBA market boasts a collective population over 87 million and GDP of RMB 14 trillion, surpassing New York and San Francisco Bay Areas bay areas in economic scale. As one of the 11 GBA cities, Hong Kong serves as the gateway for bridging GBA and the world.
Relatively low insurance penetration in many GBA cities translates into substantial market potential for the insurance industry to excavate.
Through Insurance Direct, a proposed initiative that allows Hong Kong and Macao insurers to establish service centres in the GBA, Hong Kong’s financial and insurance players will enjoy privileges to operate and expand their market share in GBA. Industry stakeholders will also gain impetus in developing cross-boundary insurance products and services that meet customers' preferences, and having the convenience of settling premiums and processing claims for their customers in GBA customers.
Great Growth Potential of Insurance Sector in GBA buoys World-class Events
Hong Kong has the winning factors to ensure success for global insurance events, with the distinctive advantages of a buoyant insurance sector and as a unique gateway into Mainland’s globally important insurance market. Home to two insurance companies, namely Ping An Ins (Group) Co of China and China Life Ins (Group) Co, listed among the top five in the TOP 25 Global Insurers by Forbes. Eighteen global insurance companies have established regional headquarters in Hong Kong, reflecting Hong Kong’s role as a premier regional headquarters hub for global insurers leveraging the GBA’s economic dynamism.
among the TOP 5
in the TOP 25 Global Insurers by Forbes
established regional headquarters in Hong Kong
The GBA has a population of over 86 million people and is home to many rapidly growing cities with rising incomes and increasing demand for insurance products. The sheer size of the population has tremendous potential for the insurance industry, not to mention the strong momentum reinforced by the dual circulation economic strategy.
Proven Track Record in Hosting Flagship Insurance Events
From multiple regional celebrations to forward-looking conventions covering insurance tech or specialised marine insurance, Hong Kong has proven to be the destination of choice.
- APFinSA: 2,000+ delegates and licensed financial practitioners
- East Asian Insurance Congress: 900 leaders from 30+ cities and countries
- GAMA LAMP Asia: 1800 insurers, reinsurers, brokers, regulators, and media representatives
- Insurtech Insight: 5,000+ leaders and 300+ speakers, Asia's largest insurtechconference
- IUMI Asia Forum Hong Kong: focusing on marine insurance
Great Growth Potential in the GBA
Hong Kong has almost like a centre of gravity due to its connection with the Mainland and the flow of commerce and insurance. The Greater Bay Area is obviously playing a big role in this growing opportunity and making Greater China as fundamentally a sophisticated economic hub for all financial institutions.
Deloitte Global, East Asian Insurance Congress
Excellent Position and Unrivalled Business
Hong Kong has a strategic position as the gateway between East and West offering easy connectivity. The city's robust financial infrastructure, including its well-established banking and financial services sectors, makes it an ideal hub for international events.
APFinSA Day
Asia’s Leading City that Attracts
Hong Kong stands as one of the most esteemed cities in Asia, renowned for its high level of professionalism, exceptional educational institutions, and the ability to convene industry experts. This vibrant city presents a compelling environment for collaboration and innovation, making it an attractive destination for our activities.
GAMA Global
Established Marine Insurance Market
About 10% of the world fleet are owned or managed here in Hong Kong, which is very important for us. IUMI has a seat at the International Maritime Organisation in London as an NGO, and we see Hong Kong being a very strong representative in the debates there. Hong Kong has a very strong insurance market, being the 16th biggest insurance market in the world, and a very mature insurance market as well, which we can very easily work with.
International Union of Marine Insurance
Partner up for Success
Hong Kong has a vibrant insurance scene, hosting numerous insurers who are keen to innovate and drive change, which establishes it as an ideal location for our event. We are fortunate to collaborate with Invest Hong Kong, the Hong Kong Tourism Board and our partners to bring this vision to fruition.
Insurtech Insights
Hong Kong: Your Destination to Event Success
As a world-class international financial hub, Hong Kong offers privileged "Connect" programmes with Mainland markets in both stock and insurance sectors. With its robust fundamentals, Hong Kong is perfectly positioned for the global insurance industry to seize opportunities and engage with the Mainland through impactful industry conventions and events.
Hong Kong is geared up to play host to a stream of insurance conventions and events in the years ahead. Leveraging on Hong Kong’s well-developed business environment, competitive advantages as a super-connector andan insurance gateway into the GBA, join in and achieve event success in the world's meeting place.
--------------------
Data source: Constitutional and Mainland Affairs Bureau, Insurance Authority(2024), newsgov.hk(2024), Financial Services and the Treasury Bureau, Forbes Global, Global Times(2024),Deloitte, Boclife,Financial Services Development Council(2025)