IA Licence
Why Is 2CExam Still So Popular Although It Is Expensive?
For the Licensing Examination for securities and futures intermediaries (HKSI LE), the Insurance Intermediary Qualifying Examination (IIQE), the Estate Agent Qualifying Examination (EAQE) and the Salesperson Qualifying Examination (SQE), there are not many products available in the market. Why is 2CEXAM not the cheapest but loved by the many candidates? 2CExam has accumulated years of…
Read MoreHow to keep the Hong Kong insurance intermediary license continuously valid?
Will individual insurance licenses issued by the Hong Kong Insurance Authority expire? What is the validity period? In Hong Kong, once insurance intermediaries (including insurance agents and brokers) have successfully obtained a license, it remains valid as long as the license is not terminated or revoked. However, maintaining the license’s validity is not a one-time…
Read MoreWhere can I apply for a Hong Kong insurance intermediary license?
Hong Kong Insurance Intermediary License Application GuideAccording to the Insurance Ordinance (Chapter 41), one of the main functions of the Insurance Authority (IA) is to regulate and supervise the insurance industry by governing the conduct of insurance intermediaries through a licensing system. Therefore, individuals who want to enter the insurance industry need to apply for…
Read MoreIs the Securities, Insurance or Real Estate Industry Better? Comparing Incomes amongst Finance Industries
Securities and Banking According to statistics on the Internet and our experience, in Hong Kong, even for some common junior or middle-level positions in the financial/ securities industry, such as risk analyst, research analyst, and compliance officer, the average base salary is between HK$20,000 and 30,000 per month. Many people who have sufficient work experience…
Read MoreCan I obtain an insurance license from the Insurance Authority (IA) without taking any examination if I have a foreign professional qualification?
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…
Read MoreCan I apply for an insurance license from the Insurance Authority if I have criminal records?
To apply for an insurance license, you need to meet the “Fit and Proper” Guidelines issued by the Insurance Authority (IA). The IA will look into your past criminal records, the Monetary Authority / Securities and Futures Commission / MPFA / other relevant agencies’ sanction records, as well as whether there are any places…
Read MoreWhat is counted as relevant industry experience under the IA license transition arrangements?
One of the most repercussive reforms after the Insurance Authority took over the supervision of the insurance industry is the change of the minimum academic qualification requirement from Secondary school form 5 level to passing 5 subjects in the Hong Kong Certificate of Education Examination (HKCEE) / Hong Kong Diploma of Secondary Education (HKDSE),…
Read MoreMinimum academic requirements for applying for an IA license
Is there a minimum education requirement for the insurance industry? The conditions for licensing in the insurance industry are included in the “Fit and Proper” Guidelines (GL23/Guideline 23) issued by the Insurance Authority. All intermediaries who wish to be licensed must abide by this guideline. IA listed the educational requirements for intermediaries…
Read MoreHow do I apply for a license if I want to engage in the insurance industry? What conditions must I meet?
The insurance industry can not only help some people who may have urgent needs in the future, but also enables agents to possibly make a lot of money, as well as meet wealthy people, hence it is a very attractive profession. To go back to the basics, if a candidate wants to sell insurance…
Read MoreWho should I contact if I have questions about licensing in the insurance industry? Why can’t I contact PEAK? Should I contact 2CEXAM?
Many students who want to become insurance intermediaries may have some questions regarding what exams to take and what to pay attention to when issuing licenses; with that, they might not know who to ask. Should candidates ask 2CExam? PEAK? Or the Insurance Authorities? In fact, PEAK is only responsible for organising exams,…
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