i-Brokers Approved Insurance Broking License

20 Feb 2019

i-Brokers Approved Insurance Broking License

i-Brokers are proud to announce that we have officially been granted our insurance broking license allowing us to conduct insurance broking activity both in Hong Kong and internationally.

We have chosen to be regulated by PIBA, the professional insurance brokers association. PIBA are one of the approved bodies of insurance brokers authorized by the Insurance Authority to approve licences and control the business of insurance broking.

PIBA’s long standing reputation as being one of the worlds leading regulatory organizations meant that they were an obvious choice and a body that we wanted to be associated with. The rigorous checks and balances required to be regulated by PIBA and their commitment to promoting openness and fairness in the insurance industry is something that is very appealing to i-Brokers. These characteristics perfectly align with our entire business ethos and culture and will provide the perfect framework to grow.

 

PIBA has existed since 1988 and been in its current format since 1995. The Hong Kong Government has certified PIBA’s professionalism and authorized them to be an approved body of insurance brokers with functions of licensing and self-regulating of members.

“The new license gives us the capability to expand our physical footprint and grow network on a sustainable basis. We will also be able to expand beyond traditional product lines of insurance which will give us a fantastic platform to build from’’ said i-Brokers. “This news is not only a positive for us as a company but also for our clients. They have the peace of mind knowing that we adhere to the strictest of rules and procedures whenever advising and recommending policies.”

Going forward i-Brokers is looking at strengthening its client servicing teams across the Asia Pacific region. The company’s IT backbone is also being reinforced to meet the customised needs of our individual clients as well as large corporates, SMEs, and other niche customer segments.

i-Brokers currently offers its general insurance in the form of Medical and Travel Insurance as well as Life Insurance.

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