in recent years，The trend of mainland residents going to Hong Kong to purchase insurance products continues to increase。According to statistics from the Insurance Regulatory Office of Hong Kong from 2005 to 2014，Premiums for new policies for mainland visitors soared from HK$1.8 billion to HK$24.4 billion，An increase of nearly 13 times，Fully confirms this market boom。at the same time，Faced with a dazzling array of insurance products，More and more policyholders tend to entrust professionalsinsurance brokerage companyDevelop a personalized insurance plan。in Hong Kong，Such companies must obtain by lawHong Kong Insurance Broker License，Only then can relevant business be carried out。
Hong Kong as a highly open international financial center，Residents and foreigners generally have a strong awareness of insurance，Hong Kong insurance products are also popular。Driven by this demand，Insurance brokerage companies have been established one after another，The Hong Kong insurance brokerage licenseApplication conditionsBecome the primary concern of enterprises。Not holding a valid license，do not have the legal qualifications to engage in insurance brokerage activities。at present，With the dissolution of the Hong Kong Insurance Regulatory Commission，HongkongInsurance Regulatory BureauFully responsible for the approval and supervision of Hong Kong insurance brokerage licenses。
Hong Kong insurance broker license application requirements
Due to the significant differences between Hong Kong’s policies and those on the mainland,，The China Insurance Regulatory Bureau has clear qualification requirements for entities engaged in the insurance brokerage industry.。Applicants must hold relevant licenses，The application process must meet the following conditions and procedures。The China Insurance Regulatory Commission (now the China Insurance Regulatory Bureau) mainly conducts audits from the following aspects:：Qualifications and experience、Share capital and net assets、professional indemnity insurance、Independent customer accounts (must not be missing)、and account books and documents available for verification, etc.。
first，Among the application conditions，The Insurance Regulatory Bureau requires that the seniority of insurance brokerage institutions or their chief executives should not be less than 21 years old.，And to the household registration、Specific standards are set for academic qualifications and professional experience.，Relevant qualifications must be verified by passing a recognized qualification examination。
Application processand compliance requirements
After meeting the above conditions，Applicants can go to the Hong Kong Insurance Regulatory Bureau to register，and submit materials as required，Officially enter the license application process。Insurance brokerage unit authorized by the Insurance Regulatory Bureau，Must submit audited annual financial statements to the IA every year，and submit an auditor's report on continued compliance with the IA's minimum requirements.。
also，Members of authorized insurance brokerage groups are required to submit audited annual financial statements to their respective groups。Comprehensively understand the application conditions and procedures for Hong Kong insurance brokerage license，Will significantly improve application efficiency。Hong Kong Xintong has been deeply involved in the field of Hong Kong financial license agency for more than ten years，Set up a professional service team in Hong Kong，Well versed in the CIRC’s approval policies，Can provide you with full compliance support。If you have any questions，Feel free to contact us anytime。
About Hong Kong Xintong
Hong Kong Xintong focuses onHong Kong Securities and Futures Commission license、Hong Kong Insurance Broker License、Hong Kong MSO Licenseandmoneylenders licenseApply for service，Assist customers to applyUS MSB license、NFA、RIA、Canadian MSB license、Mainstream overseas financial licenses such as Australia and Mexico，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableCayman Islands Offshore Company Registration、Offshore fund establishment and global compliance operations and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。
