random check
random check
In 1985, the Hong Kong Government decided to regulate the insurance industry and announced a series of legislations and measures to be enforced in the industry. Prior to that, the insurance business was not part of the legal regulation and brokers were managing their own businesses.

Immediately after the introduction of the legislations, which were required to be strictly followed, some insurance brokers found it difficult to manage and operate under the new regulation, and a few were even unable to survive. In view of this, a group of insurance dealers started to plan for the establishment of a professional body to assist and resolve issues encountered by insurance brokers.

The founding members of PIBA had gathered and analyzed industry information on insurance brokers associations abroad and leveraged their learning from other similar operation models. After extensive discussion and numerous meetings, PIBA was officially established on 29th January 1988 with 12 members.

An Executive Committee has been set up with functions to ensure smooth operation and organization of PIBA, manage members’ matters and monitor members’ conduct.

Our works are multi-facet. We review every application carefully in accordance with our rules and regulations.

Industry trends and market changes are communicated regularly to members whilst seminars and discussion groups are organized to enhance their professional knowledge and let them keep abreast of industry development in this fast-changing world.

random check We put top priority to members’ professional ethic and their compliance with our rules and regulations.

We maintain close contact with other insurance organizations and arranges different activities to promote our professionalism.

We have regular communications or meetings with the Office of the Commissioner of Insurance to discuss issues relating to insurance regulations.
random check

In 1995, the Hong Kong Government certified our professionalism and authorized us to be an approved body of insurance brokers with functions of licensing and self-regulating of members.

We have come a long way, and it is our continuous objective to improve members’ professional standards for the benefits of the insurance industry and the general public.