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Hong Kong insurance broker license application conditions.

Financial card care question

Since June 26 last year,The Hong Kong Insurance Regulatory Authority begins to take on the responsibility of supervising the insurance industry,This means that the Hong Kong Insurance Regulatory Commission is responsible for the issuance of insurance licenses after the Insurance Regulatory Commission.,Hong Kong insurance brokerage license application difficulty has increased。As an international financial center,The general insurance awareness in Hong Kong is relatively high, making it a promising market for capital from all walks of life.。

The insurance industry is now in the ascendant,improvement of people's living standards,Be more proactive in purchasing insurance products,This is the factor driving the development of the insurance brokerage industry,To protect against unknown risks, people,Usually, you choose insurance products based on your own needs.,An insurance broker is an organization that provides policyholders with insurance advice based on their own experience.,But if you want to engage in related activities in Hong Kong,Need to apply for Hong Kong insurance broker license。

Mainland investors are relatively unfamiliar with the relevant policies issued by the Hong Kong Insurance Regulatory Bureau.,Therefore, there may be certain limitations in applying.。

According to relevant regulations of the Insurance Regulatory Bureau

Require

,The conditions for applying for a Hong Kong insurance brokerage license need to include the following aspects::1) age appropriate

Require

、Comply with Hong Kong household registration、CEO with required education level or above;2)

Require

Paid-up share capital and net assets of more than 100,000 Hong Kong dollars;3)Account separation;4)

Require

Keep company accounting books and other document records for audit。

The conditions involved are relatively detailed,I won’t elaborate here one by one.,Those who meet the above conditions for applying for a Hong Kong insurance brokerage license,You can register with the Hong Kong Insurance Regulatory Bureau,After approval from the Insurance Regulatory Bureau,Insurance brokerage groups should keep a register of members,available for public inspection。

It is not uncommon for mainland China to go to Hong Kong to lay out the insurance market.,Especially those favored by listed companies,last June,Tahoe Group acquired the life insurance business of Dah Sing Financial for HK$10.6 billion.,Obtained Hong Kong insurance brokerage license,The development of the insurance brokerage industry is gradually becoming a trend,The rise in people’s pursuit of insurance,It is also an investment in the future。

【Manager Peng Yi】International–Manager Peng Yi,Ten years of experience in Hong Kong insurance license agency,If you have any questions about the Hong Kong insurance broker license application conditions, please call [Manager Peng Yi] International–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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