past seven years，Xintong continues to cooperate with various third-party service companies in the mainland，Many of these partners came up with the idea of setting up in Hong Kong during their business expansion process.insurance brokerage companyplan。Review the history of cooperation，More than ten companies have successively established their own insurance brokerage companies in Hong Kong。
Hong Kong Insurance Broker LicenseApplication and acquisition costs
The overall cost of setting up an insurance brokerage company in Hong Kong is not high，This can be achieved mainly through the following two ways:：
- Apply for a license from scratch：The overall cycle takes about half a year，A suitable licensed responsible person must be arranged、Obtain recommendation letters from several insurance companies、Lease a basic office building with two administrative staff。Estimate based on this configuration，The total cost of getting an insurance brokerage company approved is less than HK$800,000。
- Purchase an existing licensed company：Delivery can be completed in two to three months，The cost depends on the maturity of the target company，Including the number of insurance company contracts signed and monthly accumulated business volume。The market price is generally between 1.5 million and 5 million Hong Kong dollars.。
No matter which path you choose，Just look at the establishment threshold，Most partners are actually capable of shouldering the responsibility。However，Past experience reflects a more profound problem：These partners who opened insurance brokerage companies in Hong Kong，How many of us feel no regrets afterwards? Perhaps this answer does not need to be stated clearly，But recently when we were sorting out the data，Found some familiar faces returning one after another，They were eager to try it around 2017，However, they generally underestimate how difficult it is for an insurance brokerage company to truly continue to operate.，In the end, I found that cooperation with Hong Kong Information Communications is more efficient.、simpler path。
commission：The core challenge of commission coordination among multiple insurance companies
The survival of an insurance brokerage company depends on several key elements，Commission is an extremely important condition，But systems and services determine the robustness of survival.。A newly established insurance brokerage company，The first thing to solve is the problem of commission pooling from multiple insurance companies - not just for a single insurance company，Instead, we have to deal with multiple settlement conditions.。If the business scale is not comprehensive enough and has a certain size,，This level is extremely difficult to overcome。in Hong Kong，There are not many peers that can achieve high commissions for various insurance companies and comprehensive coverage at the same time.，Hong Kong Xintong is one of the few exceptions with this ability。
system：The strategic trade-off between in-house research and outsourcing
System construction is also another complex problem。Choose to outsource your system，Or develop it yourself?，Often depends on the company's own business form and development plans。The system needs to match the high degree of personalization of business processes，But this also means that the cost and time investment far exceeds expectations.。At a stage when the market is not yet mature enough，How much resources should be invested in configuring the system? How many colleagues can actually use the system? Many insurance brokerage companies in Hong Kong have seriously underestimated this part of their expenses.，Even choose to give up system support。If things go on like this，Data fragmentation directly leads to the paralysis of long-term service capabilities，This is the fatal flaw faced by most peers observed by Hong Kong Information Communication Co., Ltd.。
Serve：Continuous balance between expectation management and cost control
The challenge of service lies more in expectation management.，This directly involves the fundamental interests of customers。Service costs can theoretically be unlimited，However, the characteristics of the financial services industry determine that profits are slim.，Therefore, service costs cannot be increased indefinitely，Can only seek optimal arrangements within limited resources。Insurance brokerage companies in single channel market，It is difficult to achieve a balance between profit and cost。Even though Hong Kong Xintong has occupied a leading position in the market，This balance point is still being worked out and adjusted to this day.。
If you want to know more about applying for Hong Konginsurance broker licenseDetails of，Can be contactedHong Kong Information Communications Consultant，We'll be happy to provide you with tailored advice。
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。
