Hong Kong Insurance Broker License：supervision、Acquisition transfer and application path

Hong Kong Insurance Broker LicenseNow under the unified supervision of the Hong Kong Insurance Regulatory Authority。Early Hong Kong insurance brokerage-related licensing bodies include PIPA and CIB，Therefore, there are currently on the market those with the intention to transferinsurance brokerage company，Most of them are still licensed entities that were issued licenses by the above-mentioned institutions in the early stage and continue to operate.。

Hong Kong insurance brokerage license regulatory background

After the adjustment of Hong Kong’s insurance regulatory system，Compliance requirements for insurance brokerage businesses are clearer，Licensed entity’s corporate structure、Arrangements by the person in charge、Staffing、office space、Capital strength and business relationships must meet regulatory and actual operational requirements.。

For companies planning to enter the Hong Kong insurance brokerage market，I usually recommend evaluating "new applications" simultaneously with "Acquisition of existing licensed companies"Two paths。New applications can build the architecture from scratch，However, the processing cycle is relatively long；When acquiring existing insurance brokerage companies, more emphasis will be placed on the qualifications of the target company.、Contract resources、CE arrangement、Team stability and subsequent transfers。

Hong Kong insurance brokerage license application and acquisition path

Whether you choose to apply or acquire，The core cannot leave the venue、personnel、Funding and business relationships and other factors。Relevant conditions can be gradually implemented through professional planning，of which business relationships、Contract resources and regulatory communication arrangements，It is often a key link that affects processing efficiency and implementation results.。

At present, there are some insurance brokerage companies in the market that have clear intention to transfer.，Whether it is suitable for acquisition，Need to be combined with the buyer’s business direction、Target Insurance Company Contract、Commission structure、Comprehensive judgment on CE transition arrangements and office costs。

Key points of the transfer subject matter of Hong Kong insurance brokerage companies

Currently in transfer resources，The CE of some insurance brokerage companies is the actual owner of the company.，The transfer intention is relatively clear。The following is the current core situation for reference：

1. Clear intention to sell。
2. The quoted price is X million Hong Kong dollars；The company currently does not have AIA and Prudential contracts，But there are already more than a dozen insurance brokers。
3. Prudential and AIA contracts available separately，and involves corresponding commission points。
4. The commission points are 8，The quoted price is X million Hong Kong dollars。
5. CE for me，Can continue to be affiliated with the company。
6. CE affiliation quotation is 5~5W per month。

Conditions for transfer of another type of insurance brokerage company

Another insurance brokerage company also has a clear intention to transfer，Suitable for focusing on their existing insurance company contracts、Commission levels and office costs：

1. Clear intention to transfer。
2. The quotation is within X million HKD。
3. Existing contracts include AXA、Fortis、Wantong。
4. Commission，Fortis has the highest commission；If you think the commission is low，Can assist in further negotiations with insurance companies。
5. CE can carry out transitional affiliation。
6. The CE transitional affiliation fee is 5 10,000 HKD/month。
7. The existing office space is 200 square meters，The monthly rent is 9 More than 10,000 Hong Kong dollars。

Insurance market dynamics and business judgment

There are still a large number of unreasonable product configurations in China’s insurance market，Some people think that China 80% Maybe I bought the wrong insurance。at the same time，Internet insurance customization platform Wukongbao recently completed a new round of tens of millions of dollars in financing。This round of financing is provided by 58 The group leads the investment、Guohua Life Insurance Co., Ltd.，Belongs to the Series B financing obtained by Wukong Bao。

Chen Zhihua, founder and CEO of Wukongbao revealed，This round of financing is different from financial investment，All parties have made it clear that this round of financing is a strategic investment。This development also reflects the digitalization of the insurance business、Customization and compliance are still the focus of the market。

Handling suggestions

Application or acquisition of Hong Kong insurance broker license，Don’t just look at the quote itself，More emphasis should be placed on reviewing the license status、Historical compliance records、CE stability、Insurance company contract quality、Commission conditions、Brokerage team resources、Office space costs and continued operating capabilities after delivery。

I suggest that before officially moving forward，Complete due diligence on the target company first、Transfer Structure Assessment、CE transition arrangement confirmation and contract acceptance feasibility judgment，Then decide to apply、Plans for acquisition or parallel advancement，To reduce time costs and compliance risks。

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