Hong Kong has one of the most developed insurance industries in the Southeast Asia, which is likely to continue to grow. In this article, we present an overview of the five largest (by revenue) general insurance companies.
AXA General, or more specifically, AXA General Insurance Hong Kong Limited, provides health, life, property, and accident protection insurance products, as well as wealth management and retirement solutions for individuals and businesses in Hong Kong and Macau.
It is hard to reliably estimate its number of customers, but estimates suggest lower bound of fifty thousand for Hong Kong alone. The company is a part of a larger AXA Group, the third largest general insurance company in the world, which can boast 200 years of experience and excellent service. Both individuals and businesses can readily become AXA’s clients using their website https://www.axa.com.hk/en.
China Taiping Insurance (HK)
China Taiping Insurance (HK) Company Limited is the second largest general insurance company in Hong Kong. CTPI(HK) provides general insurance services, which includes property, employees’ compensation, medical, contractor’s, motor vehicle, cargo, hull, transport, aerospace, cash, personal medical and a number of other types of insurances.
The estimates put its number of customers to around eighty thousand. The company can be proud of its fast growth in the recent years as well as the great expertise of mainland China. To become a customer one should probably call company’s hotline: (852) 2815 1551.
Zurich Insurance Group (Hong Kong) provides a variety of insurance solutions including medical, life, travel, investment, home, motor, business, and a number of other insurances. The company is a part of Switzerland-based Zurich Insurance Group, the fourth largest general insurance company in the world that can boast 150 years of experience in the insurance business.
Similarly to AXA General, it is hard to estimate company’s number of Hong Kong customers, but conservative estimates can put it to above fifteen thousand. The easiest way to become a customer of Zurich Insurance is via their website https://www.zurich.com.hk/en.
BOC Group Insurance
Bank of China Group Insurance Company Limited provides a range of general insurance products.
They include commercial insurance products, such as medical, building management, fire, money, employee compensation, retailer comprehensive, cargo, hull, and a variety of individual insurances.
The company has a good reputation in Hong Kong and has been one of the largest general insurance providers since its establishment in 1992. Its number of customers is slightly larger than Zurich Insurance groups and should be around twenty thousand. A variety of ways through which company can be contacted is described on their web page: http://bocg-ins.bocgroup.com/en/website/index.
QBE Hongkong & Shanghai Insurance Limited is a general insurance company, which is part of an Australian QBE Insurance Group Limited. It provides a variety of services for both businesses (accident, liability, motor, travel) and individual customers (home protection, travel, medical).
The company had an impressive growth in Hong Kong in recent years thanks to its customer centric policy and has approximately thirty thousand customers. The company is best contacted via their general line: +852 2877 8488.