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How to register a Hong Kong insurance brokerage company

Financial card care question

Hong Kong Xintong-Peng Yi Aaron China’s development is indeed eye-catching,But in the insurance industry,There is still a lot to learn from Western countries。The foreign insurance brokerage industry is very mature,More than half of the business is brought by insurance brokers。A mature insurance industry cannot be separated from three parts:,They are insurance intermediary service agencies,Insurance companies and policyholders。This component is closely related。

But at home,Insurance companies and insurance intermediaries have formed greater competition,This situation will not last in the future。The following focuses on some matters related to insurance brokerage registration:,including conditions and procedures。1,To which department do I need to apply to register an insurance brokerage company?

The establishment of domestic insurance service companies and the corresponding insurance business operating licenses are responsible for the China Insurance Regulatory Commission.,The Insurance Regulatory Commission has branches all over the country,therefore,If an insurance brokerage company is established in Shenzhen or Shanghai。Then when registering an insurance brokerage company,Application materials can be submitted locally,The local Insurance Regulatory Bureau will determine the applicant’s specific

Require

Feedback to China Insurance Regulatory Commission,Request for approval。

2,What does the registration of an insurance brokerage company mean for the registered capital and paid-in capital?

Require

? There are two main types of existing insurance brokerage companies:,One is a local insurance brokerage company,The registered capital of a local insurance brokerage company is only 10 million paid in。One is a national insurance brokerage company,The registered capital needs to be more than RMB 50 million。At present, the China Insurance Regulatory Commission and the insurance regulatory bureaus of various provinces and cities only approve national insurance brokerage licenses.。

therefore,Local insurance brokerage firms can only be acquired through acquisitions。One thing to note is that,If you want to run an insurance brokerage business locally,Also set up local branches。Related products:How to register an insurance brokerage company


About Hong Kong Xintong

Hong Kong Xintong focuses onHong Kong Securities and Futures Commission licenseHong Kong Insurance Broker LicenseHong 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

Editing of articles in this issue:

Picture of Xu Wanting

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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