Hong Kong insurance brokerage license transfer：Analysis of core advantages and targets

Hong Kong insurance brokerage companycompliance value，First of all, it is reflected in its professional principles and customer benefit orientation.。Insurance broker members are required to continue to conduct their business with the highest integrity and integrity，and provide customers with independent、unbiased opinion；at the same time，insurance brokerage companyCustomers should be provided with a sufficiently diverse choice of insurance companies，To more comprehensively satisfy customers' protection、Revenue and underwriting needs。

When customers plan to configure Hong Kong insurance，Hong Kong insurance brokerage companies will look at customer needs、Insurance company product features、Coverage、Earnings performance、Comprehensive assessment of underwriting conditions and other dimensions，and give professional、sound advice。Different insurance companies have different products，Not suitable for all customers。For example, in terms of critical illness insurance，Prudential’s critical illness policies are of higher value，But underwriting is relatively strict；AIA’s critical illness protection coverage is wider，But under the same conditions, the policy value is lower。

The core advantages of Hong Kong insurance brokerage companies

The core advantages of insurance brokerage companies，It lies in being able to conduct independent screening from the customer’s perspective，Rather than simply recommending the products of a certain insurance company。Compare the product structures of different insurance companies horizontally、Underwriting standards、Commission arrangements and long-term service capabilities，Insurance brokerage companies can provide customers with more tailored insurance solutions，This is also the professional value of Hong Kong’s insurance brokerage business。

Hong Kong Insurance Broker LicensetransferTarget Overview

The following are common situations in the market where Hong Kong insurance brokerage companies transfer targets:，Involved license types、Year of establishment、Existing insurance contract、CE arrangement、ILAS situation、Key factors such as main business and office costs。Actual transactions require further verification of the company’s compliance records、license plate status、business contract、Staffing and ongoing operating costs。

Transfer company situation 1：Issued by CIB or PIPAAssociation certificate

1. License type：PIBA, long term (llt)。
2. Transfer intention：clear。
3. quote：XXX million Hong Kong dollars。
4. Year of company establishment：2016Year。
5. Insurance contract signed：Mass、FT (Futong)、AXA (AXA)。
6. CE：Can talk，Long-term contract available，Negotiate price with CE。
7. ILAS：No。
8. Main business：General insurance and life savings insurance。

Transfer company situation 2：CIBlong term businesslicense

1. License type：CIB, long term (llt)。
2. Transfer intention：clear。
3. quote：XXX million Hong Kong dollars。
4. Year of company establishment：2017Year。
5. Insurance contract signed：No contract。
6. CE：Long-term contract available，Negotiate price with CE。
7. ILAS：No。
8. Main business：General insurance and MPF business。

Transfer company situation three：PIBA License Company

1. Intention to sell：clear。
2. quote：XXX million Hong Kong dollars。
3. The company does not have AIA and Prudential contracts，There are now more than a dozen insurance brokers。
4. Prudential and AIA contracts available separately，Commission points need further confirmation。
5. CE：CE can continue to be linked to the company。

Transfer company situation 4：PIPA License Company

1. quote：XXX million Hong Kong dollars。
2. Existing contract：AXA、Fortis、Wantong。
3. commission：Fortis has the highest commission，Others can talk about the highest commission。
4. CE：Can be transitionally affiliated。
5. CE fee：510,000 HKD/month。
6. Existing office space：Office 200 square meters，Monthly rent is over HKD 90,000。

The transfer of an insurance brokerage company is not a simple equity transaction，The buyer needs to focus on checking the validity of the license、Historical compliance records、Continuity of existing contracts、CE stability、Broker arrangement、Customer assets and potential liabilities, etc.。We recommend completing due diligence before trading，And evaluate the actual value of the target company based on subsequent business planning.。

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