Setting up Foreign-invested Insurance Companies in China

China WFOE Company Registration Service
Hotline: 86-755-82148419, Email: susiehu@citilinkia.com, Wechat: 13823131503

Foreign-invested insurance companies refer to the following types of insurance companies that are granted approval for establishment and operation within the territory of China in accordance with relevant laws and administrative regulations.

Type of Foreign – invested Insurance
1. Joint venture insurance companies which are jointly invested and operated within the territory of China by foreign insurance companies and Chinese companies or enterprises;

2. Wholly foreign-invested insurance companies which are wholly invested and operated within the territory of China by foreign insurance companies;

3. Branches of foreign insurance companies within the territory of China.

Establishment and Registration
1. Criteria for a Foreign Insurance Company Applying to Establish a Foreign-invested Insurance Company

2. It must have been engaged in the insurance business for over 30 years;

3. It must have established a representative office in China for over two years;

4. It must have total assets of not less than US$5 billion at the end of the year preceding the submission of application;

5. Its home country or region must have a sound insurance regulatory system in place and it must be under the effective supervision of the insurance regulatory authority in its home country or region;

6. It must meet the repayment capability standards of its home country or region;

7. Its application must be endorsed by the insurance regulatory authority in its home country or region;

8. Other prudential requirements as prescribed by the China Insurance Regulatory Commission (CIRC).

Business Scope
Foreign-invested insurance companies may conduct all or part of the following types of insurance business within the business scope approved by CIRC:
1. Property insurance, including property loss or damage insurance, liability insurance and credit insurance;

2. Personal insurance, including life assurance, health insurance and accident insurance.A foreign-invested insurance company may not engage in both property insurance and personal insurance concurrently.

Contact us

For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to anitayao@citilinkia.com