Hong Kong’s insurance brokerage market is highly mature，Its development momentum does not simply come from the popularization of local insurance culture.，It is also closely related to the long-term layout of international insurance groups in Hong Kong.。Prudential、Metrohm、Insurance brands familiar to markets such as Asia AIA，All belong to the foreign-funded insurance company system。
In comparison，The long-term development of the mainland insurance brokerage market is relatively lagging behind，It is also closely related to the policy environment。If foreign capital wants to enter the mainland insurance market，Usually it needs to be controlled by a domestic enterprise；therefore，To expand mainland and cross-border insurance business，Many foreign-funded enterprises choose to set up insurance companies in Hong Kong，And use Hong Kong as an important platform to connect mainland customers with international insurance products。
To assist mainland enterprises in selling Hong Kong insurance and foreign insurance in a compliant manner，We focus on sorting outHong Kong insurance brokerage company transfercore matters。As of May 8, 2018，The Hong Kong Insurance Consultants Association and the Hong Kong Professional Insurance Brokers Association issued a total of 762 insurance broker licenses。in，Nearly a hundred insurance brokerage companies have completed the insurance brokerage qualification process，And have the basic conditions to carry out relevant business。
at present，The transfer resources of Hong Kong insurance brokerage companies mainly include two types:：One type is "Qingshui brand" without contract，That is, an insurance brokerage company that has not signed a contract with any insurance company；The other category is those that have already established a relationship with AXA、Fortis、A Hong Kong insurance brokerage company with assets that signs contracts with insurance companies such as AIA。The business value of different types of targets、transfer price、There are significant differences in due diligence focus and delivery arrangements.。
Hong Kong insurance broker license application and transfer fees
Both PIBA and CIB can be issuedHong Kong Insurance Broker License。If the company does not choose to acquire an existing insurance brokerage company，Instead, apply directly for a new license，The overall cost is usually reduced accordingly；but at the same time，The processing cycle will also be extended to a certain extent。
The main reason for the increase in time is that，The Hong Kong Insurance Regulatory Commission needs to review the background of the CEO and shareholders。This type of review involves the compliance structure of the applicant、Management qualifications、Shareholder background、Funding sources and business planning and other aspects。In practice, we found that，Only with scientific processing procedures and mature operation plans can we promote，In order to complete the docking and communication with the China Insurance Regulatory Commission more efficiently。
Key points of review on acquisitions of Hong Kong insurance brokerage companies
When acquiring a Hong Kong insurance brokerage company，Must fully understand the true background of the acquisition target，In particular, the commission arrangements for existing insurance contracts、Contract term、cooperative insurance company、Historical operating conditions and potential liabilities。For customers who lack actual acquisition experience，Only superficial information provided by the transferor，It is often difficult to determine the true value and potential risks of the target company。
We recommend that companies before formally proceeding with acquisitions，Focus on checking the following matters：
- Whether the target company is a non-contract Qingshui brand，Or a company with assets that has been bound to an insurance company contract；
- Commission percentage for existing insurance contracts、the term、Renewal conditions and cancellation terms；
- Whether the company has had regulatory inquiries in the past、complaint、Disputes or compliance deficiencies；
- CEO、Will changes in shareholders and directors trigger additional approval or supplementary document requirements?；
- Funding source description、Whether the bank account arrangement and subsequent business undertaking are feasible。
Hong Kong insurance brokerage company transfer process
The transfer of a Hong Kong insurance brokerage company is not a simple matter of completing the equity change.。The transfer process involves many key compliance matters，Including whether the chief executive officer needs to be changed、How to change、Does the original insurance contract need to be re-signed?、Is it necessary to provide proof of source of funds?，And how to connect bank accounts and business relationships, etc.。
in practical operation，The transfer of Hong Kong insurance brokerage companies usually needs to be combined with regulatory requirements、Synchronous planning of insurance company cooperation conditions and bank compliance review。If the process is not arranged properly，May lead to extension of delivery cycle、The contract cannot be extended smoothly，It may even affect subsequent business development.。therefore，Preliminary due diligence by professional organizations、Transaction structure design and regulatory communication skills，Have a direct impact on the outcome of the acquisition。
Hong Kong Xintong Hong Kong Insurance Brokerage Company Transfer Service
With first-class management experience and rich practical resources，We can help customers obtain a Hong Kong insurance brokerage license in a shorter time，And further assist customers to connect with Hong Kong insurance companies，Promote the compliance implementation of subsequent insurance brokerage business。
For in-depth information on Hong Kong insurance brokerage company transfer resources、Acquisition fee、Closing process and compliance review requirements，Welcome to contact Hong Kong Information Communications Consultants directly for detailed 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。
