in Hong Kong，In addition to direct sales of insurance products by insurance companies，insurance brokerage companyHave the same sales qualifications as insurance agencies。insurance brokerThe company is essentially an institution that works with insurance companies，The two parties signed a contract to agree on the cooperation method and the range of products that can be represented.，But the role of an insurance broker is more of a client agent，Help customers rationally plan insurance allocations。
Hong Kong InsuranceThe industry is composed of two major self-regulatory organizations - the Hong Kong Professional Insurance Brokers Association (PIBA) andHong Kong InsuranceJointly supervised by the Hong Kong Consultants Association (HKCIB)。at present，insurance broker licensehas been unified byHong Kong Insurance AuthorityApproval，Applicants must strictly abide by its regulations。
ApplyHong Kong Insurance Broker Licensecore conditions
- The company's registered capital must reach HK$10 million，and actually paid in full；The office space must be an office property。
- The administrative person in charge must be a local person from Hong Kong，And have more than five years of professional experience in insurance brokerage (CE)。
- Must submit information from at least three insurance companiesLetter of recommendation(like AXA、AIA、Prudential, etc.)。
- It is necessary to sign a contract with the insurance company before actual operation.insurance contract，This process is difficult，Usually rely on industry connections，and need to pay a certain fee。
Things to note and industry insights during the application process
Getinsurance contractOne of the most challenging aspects of the application process，Often it is necessary to draw on extensive human resources and invest corresponding costs。also，Practitioners need to have a deep understanding of the revenue logic of insurance products，To provide customers with truly valuable advice。
Many investors fall into the misunderstanding of "face"：Pursuing high interest rates on the surface，But ignores the erosion of inflation on real returns。Take the U.S. dollar and the RMB as an example—the U.S. dollar’s year-round inflation remains around 1%–2%，IRR compound interest of 4%–5% is considered a stable income；In a high-inflation environment, even if interest rates seem promising，Real returns after inflation tend to be less than ideal。This exactly explains why [Hong Kong Insurance] Why is it more cost-effective to earn 4% in US dollars than 10% in RMB? ——The book interest rate is just face value，Real income after deducting inflation is the real income。pity，More than 80% of mainland investors have fallen into the psychological trap of only caring about face but not dignity.，The more you invest, the less you will be able to keep up with rising prices.，This is something that all insurance practitioners should be vigilant about。
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。
