
Liberty Insurance Hong Kong Limited
Liberty Insurance Hong Kong Limited is a prominent general insurance provider in Hong Kong, operating as a wholly-owned subsidiary of Liberty Mutual Insurance Group, a Fortune 100 company headquartered in Boston, USA. Established in Hong Kong since 1973, Liberty offers a comprehensive suite of insurance products tailored for individuals and businesses, including motor, health, home, travel, and commercial coverage. With over 50 years of local presence and the backing of Liberty Mutual’s global network—spanning 29 countries and serving millions of customers—Liberty Insurance Hong Kong combines international expertise with deep market knowledge. Renowned for innovative solutions and reliable claims service, the company ranks among Hong Kong’s top insurers, delivering security and value to its clients.
History
- 1912: Liberty Mutual Insurance Group is founded in Boston, USA, laying the foundation for its global operations, including its eventual entry into Hong Kong.
- 1973: Liberty enters the Hong Kong market as OTB Assurance Ltd., establishing its initial foothold in the Asia-Pacific region.
- 1999: Liberty Mutual acquires 70% of OTB Assurance Ltd., rebranding it as Liberty International Insurance Limited, marking a significant expansion in Hong Kong.
- 2002: Liberty Mutual completes the acquisition, taking 100% ownership of Liberty International Insurance Limited, solidifying its commitment to the region.
- 2006: Liberty Specialty Markets, a division of Liberty Mutual, opens its Hong Kong office, enhancing its commercial and specialty insurance offerings.
- 2010s: Liberty expands its product portfolio in Hong Kong, introducing tailored solutions like electric vehicle (EV) insurance and enhanced health plans.
- 2023: Liberty Insurance Hong Kong celebrates 50 years in the market, aligning with Liberty Mutual’s reported $152.8 billion in consolidated assets and $49.6 billion in annual revenue (2022 figures).
Key Insurance Products
- Motor Insurance: A leader in private motor coverage, Liberty offers standout policies for electric vehicles (EVs), earning the “Outstanding Electric Vehicle Insurance of the Year” award from Automobile Magazine Hong Kong in 2023. Plans include comprehensive protection with competitive premiums.
- Health Insurance: Provides individual and group medical plans with extensive coverage, ranking among Hong Kong’s top 10 medical insurers. Features include hospitalization, outpatient care, and innovative add-ons like mental health support.
- Home Insurance: Offers robust protection for residential properties, tailored to Hong Kong’s urban lifestyle, with flexible options for contents and liability coverage.
- Travel Insurance: Known for comprehensive travel plans covering medical emergencies, trip cancellations, and unique risks like adventure sports, ideal for frequent travelers.
- Commercial Insurance: Specializes in office, shop, and business packages, providing property, casualty, and employee compensation coverage—particularly strong for SMEs and multinational firms.