Macau Insurance maintains strength whilst pursuing Greater Bay Area plans

It aims to build on this momentum with higher premium retention in personal lines.

Macau Insurance Company Limited (MIC) is expected to maintain strong capitalisation whilst expanding in commercial and personal lines, including medical and employees’ compensation, and pursuing opportunities in the Greater Bay Area, AM Best said.

The insurer held an 11.6% share of Macau’s non-life market in 2024, supported by 33% premium growth from casino renovation projects and reinsurance inward policies. 

MIC aims to build on this momentum with higher premium retention in personal lines.

Although its combined ratio rose to 91.6% in 2024, the company benefited from investment gains. 

MIC’s capital fell 7.8% to $114.53m (MOP920m) last year after paying a one-off dividend to its parent, Dah Sing Financial Holdings. 

Despite this, AM Best says its financial strength remains solid. It has also set a 25% dividend payout policy and is investing in digital technology to improve services and support future growth.

($1.00 = MOP8.03)