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Hong Kong insurance broker license application process

Financial card care question

Ten years of focus on Hong Kong insurance brokerage license application,Equipped with Hong Kong professional staff,Be the first to grasp new information released by the Hong Kong Insurance Regulatory Authority,Ensure efficient handling,It is the largest overseas agency service provider in Guangdong Province.,It is a formal institution worthy of your trust。

Hong Kong’s insurance industry has always been a huge market,Not only local residents of Hong Kong,in recent years,Mainland people are keen on purchasing Hong Kong insurance products,To a certain extent, it has promoted the development of insurance-related industries.,in,The development momentum of the insurance brokerage industry is relatively good,Same as mainland,Carrying out insurance brokerage business in Hong Kong requires the support of corresponding qualifications,It is necessary to submit an application for a Hong Kong insurance broker license to the Hong Kong Insurance Regulatory Authority。

———— ———— Different from insurance agents,,Insurance brokers represent the interests of policyholders,That is to say,Insurance brokers are not tied to an insurance company.,He can objectively start from the actual needs of the policy holder.,And combine it with the insurance products available on the market to customize insurance plans that suit your needs.,certainly,This professionalism for insurance brokers

Require

also relatively high,If the unit does not apply for a Hong Kong insurance brokerage license,It is impossible to provide customers with relevant services。

So today we will focus on the Hong Kong insurance brokerage license

Process

to expand,Let mainland people who are interested in opening up the insurance market in Hong Kong have a certain understanding of Hong Kong's approval policies。There has been a significant increase in the number of mainland Chinese investing in and setting up Hong Kong insurance brokerage companies in Hong Kong.,In addition, after the dissolution of the original Insurance Authority and the transfer of power to the Hong Kong Insurance Authority,,Relevant approvals are also gradually tightened,Being unfamiliar with the policies also makes it more difficult to carry out application work.。

———— ———— Enter Hong Kong insurance brokerage license

Process

Before,Applicants must first determine whether they meet the following conditions,Want to set up an insurance brokerage company in Hong Kong,In ensuring paid-in capital、Adequate solvency reserves、managers、Shareholder candidates、Provided adequate reinsurance arrangements are in place,Relevant applications can be made to the Hong Kong Insurance Regulatory Authority。

After receiving the application materials, the Hong Kong Insurance Regulatory Authority,Conduct material review within specified cycles,Insurance companies conducting general business,Additional annual audited business statements and balance sheets prepared for general business in Hong Kong are required to be submitted to the Hong Kong Insurance Authority,Policies involving Hong Kong,Insurance Broker License in Hong Kong

Process

It is also different from the mainland’s policies。


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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