Insurance agents and insurance brokers Insurance agents act on behalf of the insurance company，Charge commission to the insurance company，and institutions or individuals that handle insurance business on their behalf within the scope authorized by the insurer.。Insurance agencies include professional insurance agencies that specialize in insurance agency business and part-time insurance agencies that also engage in insurance agency business.。
Insurance brokers are based on the interests of policyholders，Provide intermediary services for policyholders and insurers to conclude insurance contracts，and institutions that collect commissions in accordance with the law。Hong Kong Insurance Broker Approval Authority Insurance Agency、Insurance brokers should meet the conditions specified by the Hong Kong Insurance Regulatory Authority，Obtained an insurance agency business license issued by the Hong Kong Insurance Regulatory Authority、Insurance Brokerage Business License。
Hong Kong insurance broker
Application conditions
Insurance professional agency、Senior executives of insurance brokers，Should be of good conduct，Familiar with insurance laws、Administrative regulations，Have the business and management capabilities required to perform duties，and obtain qualifications approved by the Hong Kong Insurance Regulatory Authority before taking up the post.。Hong Kong insurance brokerage registered capital
Require
Insurance professional agency、The registered capital or capital contribution of an insurance broker must be paid-in monetary capital。
Establishing a professional insurance agency in the form of a company、insurance broker，Regulations on the minimum amount of registered capital。The Hong Kong Insurance Regulatory Authority according to the insurance professional agency、Insurance broker’s business scope and scale of operations，Can adjust the minimum amount of its registered capital，But not less than the prescribed limit。
According to insurance broker management regulations，Approved by the insurance regulatory department，Insurance brokerage companies may engage in all or part of the following businesses:：(1)For the purpose of entering into an insurance contract，Based on the interests of the insured，Provide disaster prevention for policyholders、Professional services in loss prevention and risk assessment and risk management，Help the insured with disaster prevention and risk management，Reduce premium expenses for the insured，Get insurance coverage at a lower rate，(2)For the purpose of entering into an insurance contract，According to the insurance subject matter and the underwriting status of the insurance business entity，Develop the best insurance plan for the insurer，Handle insurance procedures on your behalf。
The target is huge and complex，Especially in the case of blanket insurance，The choice of insurance plan is a professional matter、Very technical job，The insurance plan is drawn up reasonably，Can reduce unnecessary premium expenses，Get maximum protection。internationally，Some big companies and social celebrities，Often hire more established insurance brokers，Entrust your own insurance matters to a broker。
(3)In the event that the subject matter insured or the insured suffers accidents and losses，Conduct inspections for the insured or beneficiary、Claims matters，provide knowledge、Professional service based on experience and time，Better protect the interests of policyholders，and by providing this service，Can better connect insurance brokers and customers，Helps customers to hand over insurance business to brokers for a long time。
(4)Arrange domestic and international transfers、ceded business：in the reinsurance market，To find the right buyers and sellers，Understand each other more comprehensively，Often requires a lot of manpower and financial resources。Reinsurance brokers, by virtue of their special intermediary status，Maintain long-term and stable relationships with many insurance companies，They are familiar with the situation of various insurance companies，Unique in arranging domestic incoming and outgoing business
Advantages
。
The international reinsurance market is more complex than the domestic market，For the same reasons as in domestic reinsurance business，Insurance companies are often willing to arrange international incoming and outgoing business for them through reinsurance brokers。
About Hong Kong Xintong
Hong Kong Xintong focuses onHong Kong Securities and Futures Commission license、Hong Kong Insurance Broker License、Hong 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。
