The Hong Kong insurance market relies on the diversity of product designs and comprehensive coverage，Widely recognized by customers for a long time。In the insurance allocation decision-making process，majorinsurance brokerage companyplays a key intermediary role，It's not just about promoting products，But stand from the customer's point of view，Based on risk analysis and asset planning，Select the most suitable insurance plan for customers，To optimize asset allocation。
For companies interested in starting insurance brokerage business in Hong Kong，Applying for a new license takes a long time and costs a lot。therefore，Hong Kong Xintong combines market reality，It is usually recommended that customers give priority toLicense acquisitionpath。With rich industry resources，We can provide ready-made contracts that already hold relevant contractsLicense transferplan，Assist customers to quickly enter the market。
Hong Kong Xintong can currently coordinate the transferinsurance broker licenseResources include：
- AIA+Prudential with CE，High commission。quote：X million Hong Kong dollars。
- AIA+Prudential with CE，low commission。quote：X300,000 Hong Kong dollars。
- No Contract-Clear Water Brand，带CE，short term transition。quote：X200,000 Hong Kong dollars。
In addition to the above objects，We also hold a number of other license resources for matching。Welcome to communicate in detail by phone or in person，We can find the most suitable licensing solution for your business plan。
License application conditions
If the company finally chooses to obtain an insurance brokerage license through application，must meet all the following compliance conditions set by the Hong Kong Insurance Authority：
- Must be a local company incorporated in the Hong Kong Companies Registry，Or a registered overseas company。The company must have a physical office address and company bank account。
- sufficientEquity requirements：Insurance brokerage companies must maintain a minimum net asset value and a minimum paid-up share capital of not less than HK$100,000 at all times.。
- Compliance CEO：Appoint at least 1 chief executive officer，The person must be a full-time director or full-time employee of the company’s business in Hong Kong。
- professional indemnity insurance：Sufficient solvency reserves must be prepared，The policy amount is not less than HKD 3 million，The maximum amount can reach HKD 75 million。The relevant premium is generally about HK$10,000/year。
- independentcustomer account：At least one separate bank account for customer funds must be opened，All client funds must be deposited into this account，Strictly separated from the company’s own funds，And customer funds may not be used for any other purpose other than that of the customer.。
Solvency supervision policy convergence
in cross-border insurance business，The convergence of solvency regulatory rules between the Mainland and Hong Kong directly affects the compliance structure of the brokerage business。"Regulations on Solvency Supervision of Insurance Companies - Questions and Answers No. 1" issued by the China Banking and Insurance Regulatory Commission："Reinsurance counterparty default risk factors in Hong Kong during the transition period of the Solvency Supervision Equivalence Framework Agreement" (referred to as "Questions and Answers")，It has been clarified that when direct mainland insurance companies cede reinsurance business to qualified reinsurance institutions in Hong Kong，Applicable credit risk factors for solvency assessment。This rule provides a clear basis for cross-border supervision for the sound development of insurance brokerage business.。
Hong Kong Information Communications continues to track regulatory developments in the two places，Ensure that licensing solutions provided to clients are always aligned with the latest policy requirements。
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。
