The development of Hong Kong’s insurance brokerage market is not due to the prosperity of local insurance culture，Mainly due to the prosperity of foreign insurance companies。Prudential、Metrohm、Asia AIA and other well-known brands，All belong to foreign insurance companies。Mainland insurance brokerage market lags behind in development，Except for market factors，Policy restrictions are also an important reason：If foreign capital enters the mainland，Must be controlled by domestic enterprises。therefore，To enter the mainland insurance market，Many foreign companies choose to set up insurance companies in Hong Kong，and obtain relevant licenses。
As of May 8, 2018，The Hong Kong Insurance Brokers Association and the Hong Kong Professional Insurance Brokers Association issued a total of 762 insurance broker licenses，Among them, nearly 100 companies have their license applications completed through Hong Kong Information Communications。Provided by Hong Kong XintongAnalysis of Hong Kong insurance brokerage company transfer and license application conditionsResources cover two categories：Clearwater brand without contract (i.e. no contract signed with any insurance company)，and has partnered with AXA、Fortis、Asset license with contracts signed by insurance companies such as AIA。
If you choose to apply for a license directly instead of acquiring，Relevant points are as follows：
cost
The cost of directly applying for a license is lower than purchasing one.，However, the overall processing time will be extended。The increase in time is mainly due to the need for the China Insurance Regulatory Commission to review the qualifications of the CEO and the background of shareholders.，This step takes a long time。
Process
successApply for Hong Kong insurance broker license，Scientific processes and operating techniques need to be followed，To ensure smooth docking and communication with the China Insurance Regulatory Commission。HKIT has extensive experience in this area，Can assist customers to complete applications efficiently。
If you choose to acquire an existingHong Kong Insurance Brokerage Company License，You need to focus on the following matters：
transfer process
When acquiring the target，Must understand its background in detail，Including commission ratio and contract period of existing insurance contracts。Customers who lack actual acquisition experience，Professional organizations should be entrusted to perform operations，In order to avoid the difficulty in grasping the real situation of the transferor due to information asymmetry。also，The transfer process of a Hong Kong insurance brokerage company involves many information changes，Far from superficial simplicity。For example，Does the Chief Executive Officer (CE) need to be changed?、How to change，Does the insurance contract need to be re-signed?，And whether it is necessary to provide proof of source of funds, etc.，All need to be handled with caution，Pay attention to a lot。
To learn more about the transfer resources of Hong Kong insurance brokerage companies，Welcome to contact Hong Kong Xintong directly for communication。
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。
