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Hong Kong insurance brokerage license transfer

Financial card care question

Hong Kong’s insurance brokerage industry was once booming,Popular among mainlanders,In addition to the U.S. dollar policy,Also comes with dividends, etc.

Advantages

related,It is becoming more and more common for mainlanders to go to Hong Kong to buy insurance,Hong Kong’s insurance brokerage market has been strongly stimulated,Mainland Chinese are optimistic about Hong Kong market,Insurance brokerage companies have also been set up in Hong Kong to carry out business.,But applying is not easy,Most of them strive for business qualifications through the transfer of insurance brokerage licenses.。

Take the incomplete statistics of the past three years as an example.,In 20 cases of acquiring Hong Kong insurance companies,There are 9 companies from the Mainland.,From the overall trend,Purchasing insurance products in Hong Kong has become mainstream,However, with little understanding of Hong Kong’s insurance license approval policy,,Most mainlanders use the transfer of Hong Kong insurance brokerage licenses to lay out the Hong Kong insurance market.。

According to data released by the Hong Kong Insurance Regulatory Office in 2015,,Mainland policy premiums in Hong Kong reach NT$31.6 billion,Accounting for 24.2% of Hong Kong’s premium market,These data can reflect from the side,The development trend of Hong Kong’s insurance brokerage industry is improving,Internet giants are also getting involved,Attempting to develop Hong Kong's insurance brokerage market,The transfer of Hong Kong insurance brokerage license helps to quickly develop related business。

For the Hong Kong Insurance Authority,The transfer of Hong Kong insurance brokerage license has the same qualifications as the newly applied license,Corporate qualifications can be used to recruit specific insurance broker talents,Based on the actual needs of the policy holder,Provide insurance products more suitable for policyholders,Today, with the continuous introduction of insurance products,,Professional guidance is the way to be recognized by policyholders。

Open an insurance brokerage company in Hong Kong,Requires authorization and approval from the Hong Kong Insurance Regulatory Authority,Candidates for insurance brokers need to meet the qualifications specified by the Insurance Regulatory Bureau、experience、Equity、Net assets and other minimum

Require

。Holding the position of Chief Executive Officer,

Require

21 years or older,And can reach the education level of secondary five or above。also,Operating insurance brokerage activities,Need to reserve more than 100,000 Hong Kong dollars in share capital and freely disposable corporate assets。

It is quite different from the mainland’s insurance license approval system.,If the acquirer is not confident about applying for a Hong Kong insurance brokerage license,You should choose an authoritative qualification transfer unit,【Manager Peng Yi】International–Manager Peng Yi has been engaged in Hong Kong insurance license agency for ten years、Transfer Activities is the largest industrial and commercial agency service provider in Guangdong Province,If you have any questions about the transfer of Hong Kong insurance brokerage license, 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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