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Hong Kong insurance brokerage license transfer:PIBA and CIB license categories、Quotation and fee terms

Hong Kong Insurance Broker License Transfer Guide

Hong Kong’s insurance market allows funds to be deployed globally,Its insurance and financial management products often offer higher yields,Attracting a large number of mainland customers to purchase insurance。Hong Kong insurance brokerage companyBusiness development matures,Considerable profitability,Therefore, the threshold for applying for relevant licenses is relatively high.,Not only due to the Hong Kong government’s tightened supervision,also to capital strength、Compliance structure and other strict requirements。Recently,Some brokerage firms with licenses appear on the market seeking transfer,The following is relevant license transfer information。

Hong Kong insurance broker license transfer details

PIBA (Long Term Business) License Transfer

License type:PIBA (long-term business,Long Term (llt))。Clear intention to transfer,Quotation X million Hong Kong dollars。The company was established in 201X,Signedinsurance contractFor Mass (Wantong)、FT (Futong)、AXA (AXA)。

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Hong Kong Insurance Broker LicenseTransfer conditions

Can be arrangedLicensed Responsible Person (CE)Sign a long-term contract,Monthly consulting fees range from HKD 35,000 to HKD 60,000,Details can be negotiated with CE。Commission income in the past three years is approximately HK$3 million,The main business covers general insurance and life savings insurance。

CIB (long-term business) license transfer

License type:CIB (long term business,Long Term (llt))。Clear intention to transfer,Quotation X 800,000 Hong Kong dollars。The company was established in 201X,There is currently no insurance contract signed。

A licensed person in charge (CE) can be arranged to sign a long-term contract,The monthly consulting fee is approximately HKD 25,000,Details can be negotiated with CE。ILAS business is not involved,The main business is general insurance and MPF business。

The past of Hong Kong insurance、The present and the next ten years are a cycle of economic and financial development.,Hong Kong’s insurance industry also started in 2008,Experienced from enlightenment to popularity,A process of finally returning to rationality。now,The number of large-value insurance policies in Hong Kong has begun to decrease,Customers who come to Hong Kong to buy insurance are also becoming increasingly mature.,This is returning to normal。

About Hong Kong Xintong

GXT-HKComposed of professional teams from mainland China and Hong Kong,Focus on providing global company registration、Financial license application、Bank account opening、One-stop cross-border services such as tax financial planning and compliance consulting,Core covers Hong Kong MSO license、Hong Kong Insurance Brokers and Hong Kong Money Lenders Licenses、US MSB license、Hong Kong 149 license、9license plate,Helping enterprises to go overseas efficiently and compliantly,Steady global layout。

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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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