in Hong Kong，Except for insurance companies that directly sell insurance products，insurance brokerage companyand insurance agencies also have sales qualifications。insurance brokerage companyEssentially a cooperative agency that signs contracts with insurance companies，Determine the cooperation model and the range of products that can be represented according to the agreement。From the customer's perspective，Insurance brokers act as client advisors，Assist customers to reasonably plan insurance allocation。current，The Hong Kong insurance brokerage industry is jointly supervised by two major self-regulatory organizations - the Hong Kong Professional Insurance Brokers Association (PIBA) and the Hong Kong Confederation of Insurance Consultants (HKCIB)，However, the license approval authority has been unifiedHong Kong Insurance Authority。
Hong Kong Insurance Broker LicenseApplication conditions
Companies applying for a license must meet the following mandatory requirements:：
- The company must be an enterprise incorporated in Hong Kong，Or an overseas company registered at the Hong Kong Companies Registry。
- Must have physical office address and company bank account。
- sufficientEquity：Insurance brokerage companies must maintain a minimum net asset value and minimum paid-up share capital of not less than HK$100,000 at all times。
- CompliantCEO：Need to appoint a chief executive，The person must be a full-time director or full-time employee of the company’s business in Hong Kong。
- Professional indemnity insurance and adequate solvency reserves：The policy amount is not less than HKD 3 million，The maximum limit is HKD 75 million；The annual premium is usually around HK$10,000。
- Open at least one independentcustomer account：Customer funds must be deposited into a dedicated bank account，Strictly separated from the company’s own funds，and shall not be used for other purposes。
Hong Kong Insurance Broker LicenseHow to get it
Enterprises can obtain licenses through the following two ways:：
- Register a company in Hong Kong，Submit your license application directly to the Hong Kong Insurance Regulatory Commission。
- Acquired a company that has successfully obtained an insurance brokerage license in Hong Kong。
License fees and application details
The fee structures involved in different acquisition methods vary significantly.。New applications require time and compliance preparation costs，Acquiring an existing company requires assessing the value of its license、Business scale and transfer price。Whichever way you choose，Hong Kong Xintong can provide professional agency services，Assist customers to complete the application process efficiently。
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。
