Can I obtain an insurance license from the Insurance Authority (IA) without taking any examination if I have a foreign professional qualification?

August 13, 2021

Does the IA recognize insurance-related work experience gained outside of Hong Kong?

 

Some students will ask us what kind of work experience is considered as insurance related industry experience, because their academic qualifications do not meet the requirements. Some people might have the misconception, thinking that without a license, how can one have industry experience? In fact, in addition to sales of insurance policies and handling of insurance sales, IA will also recognize other types of industry experience (such as research, underwriting and compliance) as relevant experience.

 

Note, however, that insurance experience outside of Hong Kong will not be considered for exemption. Therefore, insurance front-line sales, underwriting, claims, front, middle and back office experiences obtained overseas will not be recognized by the IA as an exemption condition for academic qualifications. Whether it’s insurance experience in Mainland China, Australia, the United Kingdom, the United States, Canada, Germany, France, Austria, Czech Republic, Russia, South Korea, North Korea, Japan, India, Indonesia, Spain, Portugal, Thailand, Ukraine or the Netherlands, as long as you are not engaged in the insurance industry in Hong Kong, your experience will not be accepted by the IA as a reason for waiving academic qualifications.

 

How can we help?

2CExam provides HKSI LE, IIQE, EAQE and SQE related exam preparation materials. We sell mock question banks for IIQE Papers 1, 2, 3, 5 and MPFE in Chinese and English; and bibles for IIQE Papers 1, 2, 3, MPFE in Chinese. We also offer 1 on 1 tutorial services. Besides, we have also made free tutorial videos for IIQE Papers 1, 2, 3 and MPFE and posted on public channels such as Youtube/ Bilibili/ Tencent/ Iqiyi. 2CExam has been an exam training expert for years. Should you need any help please visit www.2cexam.com or contact us through:

Phone +852 2110 9644 Email: [email protected] Wechat: hk2cexam WhatsApp: +852 9347 2064

 

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