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.
GeneralInsurance: 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.
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)
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)
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