Hong Kong insurance brokerage companyIs a licensed insurance intermediary corporation，Represent the interests of clients in conducting bidding inquiries in the market，Match customers with the most cost-effective insurance product portfolio。The Hong Kong Insurance Regulatory Authority ("IA") has officially replaced the former Insurance Authority since June 2017.，Fully responsible for the supervision of Hong Kong insurance companies，and regulate insurance intermediaries through supervisory self-regulatory bodies ("self-regulatory bodies")。
The three self-regulatory organizations are the Insurance Agents Registration Committee under the Hong Kong Federation of Insurance Companies.、Hong Kong Insurance Consultants Association and Hong Kong Professional Insurance Brokers Association。Transitional arrangements under the Insurance Ordinance，The Insurance Regulatory Authority plans to take over the direct supervision of insurance intermediaries from these three self-regulatory agencies within two years.，and implement a statutory licensing system。
Application conditions
- Company registration requirements：The applicant must be a company incorporated in Hong Kong，or an overseas company registered with the Hong Kong Companies Registry，And have a physical office address and company account。
- Equity and net asset value：insurance brokerage companyMust maintain a minimum net asset value and minimum paid-up share capital of not less than HK$100,000 at all times。
- Chief Executive Officer Appointment：A director or full-time employee who is responsible for full-time Hong Kong operations must be designated as the chief executive officer，Ensure business operations are compliant。
- professional indemnity insurance：Sufficient solvency reserves must be prepared，The insured amount of the policy is not less than HKD 3 million，The maximum compensation amount is HKD 75 million，The relevant premium is generally about HK$10,000 per year。
- Financial Resources and Deductibles：After evaluating the insurance broker’s general financial resources and net assets as a source of funds to cover the insurance deductible，The Insurance Regulatory Commission recommends，Insurance brokers are required to introduce a cap on deductibles under professional indemnity insurance，and at the end of the financial year immediately before the policy becomes effective，Maintain a net worth of no less than 50% of the deductible。
The operating model of Hong Kong insurance brokerage companies
The functions of Hong Kong insurance brokerage companies and mainland insurance brokers are basically the same.，The core is to stand on the customer's side，Choose the right plan from the many insurance products on the market，Help customers maximize benefits and optimize protection。therefore，An established insurance brokerage firm will typically have extensive contracts with multiple insurance companies，To provide diversified product choices。
For those who have just entered the market、For start-up brokerage companies that are not yet familiar with the industry environment，It is relatively difficult to start a business in the early stages，The number of insurance company contracts they hold is generally limited.。Such operators often provide services through deep cultivation、Establish word of mouth to expand the market。in the initial stage，It is usually recommended that they apply for a newly establishedinsurance broker license，Or consider acquiring a company without a contractQingshui brandAccording to，Complete compliance layout at relatively low cost。
Hong Kong Insurance Broker LicenseTransfer Overview
The basic situation of Hong Kong insurance brokerage Clearwater licenses (that is, licenses without any active insurance company contracts) currently on the market is as follows:：
- Intention to sell：clear
- Reference quotation：Hundreds of thousands of Hong Kong dollars，Price negotiable
- Company status：Qingshui brand licensed by CIB，Comes with three insurance contracts。The company was established in 201X，No actual business has been carried out，Liquid capital is HKD 100,000。
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。
