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Hong Kong Insurance Broker License Application Guide

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Anyone who has a general analysis of the insurance brokerage industry will know that,It has become a general trend for mainland China to go to Hong Kong to purchase insurance products.,It has greatly promoted the growth of Hong Kong’s insurance brokerage market.,There are countless insurance products on the market,People also have difficulties in choosing,In this case,It is welcome to entrust an insurance broker to carry out planned insurance for you,And if the company wants to operate this series of activities,Need to apply for Hong Kong insurance broker license。

The model of Hong Kong’s insurance brokerage industry is very similar to that of the Mainland.,It can represent products from multiple insurance companies,But it’s more from the perspective of the policy holder.,Develop detailed insurance plans for customers based on their actual circumstances,won the hearts of the people,However, in recent years, there are many examples of mainland China going to Hong Kong to lay out the Hong Kong insurance brokerage market.,The Hong Kong Insurance Regulatory Authority has also tightened the application and processing policies for Hong Kong insurance brokerage licenses.。

Before applying to the Hong Kong Insurance Authority,Applicants need to complete preliminary work,Insurance brokerage business can only be officially carried out after obtaining authorization and recognition from the Insurance Regulatory Bureau.,Insurance Regulatory Bureau regulations,Member of an approved insurance brokerage body,The following aspects are required

Require

Qualifications and experience:2More than 2 years of working experience in insurance management positions,5More than 10 years of working experience in insurance industry,Their qualifications are confirmed by the Insurance Regulatory Bureau through the Insurance Intermediary Qualification Examination.。

Share capital and net assets:Required share capital and disposable corporate assets。 professional indemnity insurance:This is a professional term for insurance,That is to say, the lower and higher compensation limits for any case within 12 months,Starting from HK$3 million,The highest is HK$75 million。

Separate Customer Accounts Requirements:The Hong Kong insurance brokerage license application process requires that client funds be kept in a separate account; Accounting books and records:Insurance brokers must keep a book or other record that can be used to check transactions。

After completing the supplement in compliance with the above conditions,You can go to the Hong Kong Insurance Regulatory Bureau to submit relevant matters regarding the application for a Hong Kong insurance broker license.,Within the specified approval cycle,Relevant departments make a decision on whether to grant authorization qualifications,The accredited insurance brokerage groups still need to improve their work in the future.,,Ten years of experience in Hong Kong insurance license agency,Obtain relevant qualifications more efficiently for you,If you have any operational questions, please contact Manager Peng Yi: connect。


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Hong Kong Xintong focuses onHong Kong Securities and Futures Commission licenseHong Kong Insurance Broker LicenseHong 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

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connect:Hong Kong Information Communications Consultant

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Xu Wanting

Xu Wanting has been engaged in insurance and financial services compliance work in Hong Kong for many years,Responsible for the preparation of IA insurance brokerage regulatory compliance documents、Internal control process construction、AML system design、Regulatory filings and interactions with regulators。She is familiar with insurance product liability、sales compliance、Institutional requirements such as customer protection regulations and establishment of internal training and compliance systems。

Areas of expertise:IA Insurance Brokerage Regulatory Compliance Documentation、Internal control process construction、AML system design、Customer protection regulations、Internal training。

Previous institutions:Hong Kong insurance brokerage company & IA Compliance Team

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