Founded in December 1987, the Macau Insurers’ Association (MIA) 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 MIA which has gained full recognition by the Government of Macau as a representative body of the insurance industry.
All along, the MIA has maintained a harmonious working relationship with its regulatory body, the Monetary Authority of Macau (AMCM). For the past decade, the MIA 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 23 members in Macau, with 10 of them conducting solely life business while the remaining 13 transacting non-life insurance business.