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Hong Kong insurance brokerage license application,Apply for a Hong Kong insurance broker license

Financial card care question

People's living standards gradually improve,The increasing awareness of one's own risk prevention is the reason why the insurance industry has attracted great attention from investors in recent years.,Hong Kong’s insurance market has a long history,It has become increasingly common for mainlanders to flock to Hong Kong to purchase insurance products.,However, if you do not hold the qualification certified by the Hong Kong Insurance Regulatory Authority, you are not allowed to open an insurance brokerage business in Hong Kong.,The application for Hong Kong insurance brokerage license is what most investors are concerned about.。

It is not uncommon for the mainland to get together to develop the Hong Kong insurance brokerage market.,Hong Kong as an international financial center,Although the area is small,But it is a place with many insurance companies,last June,Tahoe Group spent 10.6 billion yuan to acquire the life insurance business of Dah Sing Financial,Obtained relevant insurance business qualifications,In addition to Hong Kong insurance brokerage license application,Many of them were acquired through acquisitions.。

There are many insurance brokerage companies in Hong Kong,In order to effectively standardize the management of the industry,The Hong Kong Insurance Regulatory Bureau is still very strict on the issuance of Hong Kong insurance brokerage licenses.,It is no less than the issuance of insurance brokerage licenses in the Mainland.。The same is,Register a Hong Kong insurance brokerage company

Require

Meet the minimum paid-up capital required by Hong Kong、Management and related corporate governance standards。

in,Companies applying for Hong Kong insurance brokerage licenses,In order to ensure the normal development of business,Qualifications for Practicing Insurance Brokers

Require

It's relatively high,The minimum age for an insurance broker or its CEO is 21 years,Have no less than two years of on-the-job experience in insurance management positions。

In addition to the qualifications and experience of the insurer, the Hong Kong insurance brokerage license application also requires

Require

outside,It also has share capital and net assets

Require

,Insurance brokers must maintain a share capital and disposable assets of more than HK$100,000,At the same time, relevant transaction records should be retained for future reference.。

If you don’t have a good grasp of the Hong Kong Insurance Regulatory Bureau’s policies,I also encounter obstacles everywhere when applying for a Hong Kong insurance brokerage license.,If you want to ensure efficient processing,You can consider finding an entrusted agency that is a ten-year-old Hong Kong insurance license agency.,With Hong Kong resident staff,Familiar with various items

Process

,If you have any questions, please call Manager Peng Yi:


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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