About PIBA

Establishment of PIBA

In 1985, the Hong Kong Government promulgated a series of legislations and measures to be enforced in the insurance industry.

Professional Insurance Brokers Association was formally established on January 29, 1988. The purpose was to assist the insurance broker to comply with the insurance regulations and resolve issues encountered by insurance brokers.

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

Industrial 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 market.
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 Insurance Authority to discuss issues relating to insurance regulations.
PIBA Executive Committee Members
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.

With effect from 23 September 2019, the IA took over the self-regulatory duties from the three former Self-Regulatory Organizations (SROs, including PIBA) and acts as the sole regulator in the new regulatory regime for insurance intermediaries.

PIBA continues our role as a professional insurance brokers association with mission to promote professionalism and to uphold PIBA’s core values “To Serve and To Protect” the insurance broking industry.