Hong Kong Insurance Brokerage Company LicenseIt is a legal requirement for licensed business operations，Only with full permission，Only then can enterprises conduct business legally and compliantly with upstream and downstream partners。Although many business owners understand the necessity of licenses，But in the process、Lack of clear planning on timing and potential issues，Often put on hold due to non-urgent needs or other matters，Ultimately, proof cannot be provided immediately when needed，fall into passivity。
insurance broker licenseThe approval cycle is generally longer，If you wait until the business is fully launched or face regulatory inspections, you will rush to remedy the situation.，Often unable to do what one wishes。therefore，It is recommended before planning to get involved in related businesses，Start consultation immediately，Be prepared。You can contact the Hong Kong ICT team now to start the license application，Ensure compliance progress is progressing steadily。
2017Overview of Hong Kong insurance market data in the first half of the year
According to statistics in the first half of 2017，Total premium income from long-term business in Hong Kong increased compared with the same period in 2016。The specific data are as follows：
- Total long-term business premium income increased by 1% to HK$211.2 billion；
- Premium income from individual life and annuity (non-investment-linked) business increased by 1% to HK$181.2 billion；
- Premium income from individual life and annuity (investment-linked) business increased by 3% to HK$15.1 billion；
- Retirement plan business premium income increased by 7% to HK$12.2 billion。
overall，2017In the first half of the year, the market performance of Hong Kong’s insurance industry increased by 14% year-on-year.。
same period，New policy premiums for long-term business (excluding retirement plan business) differed compared with the same period in 2016：
- New policy premiums overall fell 9% to HK$80.9 billion；
- Individual life and annuity (non-investment-linked) business new policy premiums fell 4% to HK$75 billion；
- New policy premiums for individual life and annuity (investment-linked) business increased by 8% to HK$5.4 billion.。
Hong Kong insurance brokerage company equity transferExample
In an active market environment，Some companies that already hold licenses have intention to transfer。The following is an overview of the transfer subject matter for reference.：
- Intention to sell：clear。
- quote：X million Hong Kong dollars (small amount negotiable)。
- insurance contract：Covers AXA、Allies、Contracts with about 10 insurance companies including Prudential，Agency commission levels are high。
- Other licenses：attached to name4license plate。
- CE：Can be affiliated or retained，Fees to be negotiated separately。
- business status：In normal operation，This time only the license is transferred，The original business will be taken away by the transferor itself。
- Establishment time：2000about years。
For more details or to discuss transfer possibilities，You can leave a message at any time，We will contact you as soon as possible。
Professional division of labor improves operating efficiency
With economic development，Enterprise risk management is becoming increasingly professional and important。If any enterprise assumes all risk management matters on its own，Requires a lot of effort and cost；And entrust specialized insurance brokerage institutions to implement risk management，It can significantly save enterprise resources，Help them focus on their main business，thereby improving overall operating efficiency。
When applying for an insurance broker license，Data integrity is key。Only when all application documents are ready，In order to avoid repeated supplements during the lengthy approval process、time consuming。certainly，You can also choose a licensed agency team，Rugang Xintong，Application for full agency qualifications，ensure efficiency、Complete the procedure safely。
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。
