History - Macau Insurers' Association

History

Founded in December 1987, the Macau Insurers’ Association (ASM) is a self-regulation entity with the aims to enhance and promote the insurance industry of Macau. Working under a set of common beliefs of rendering better services and of strengthening technical competence of insurers, the 18 companies then founded the ASM which has gained full recognition by the Government of Macau as a representative body of the insurance industry.

All along, the ASM has maintained a harmonious working relationship with its regulatory body, the Monetary Authority of Macau (AMCM). For the past decade, the ASM has put forth numerous recommendations on the regulatory framework laid down by the Government. It has also been diligently cultivating contacts and exchanging ideas with its international counterparts.

At present, there are 26 members in Macau, with 12 of them conducting solely life business while the remaining 14 transacting non-life insurance business.