Disputing Hot Issues Related To Insurance Brokers

Insurance brokers play a crucial role in the insurance market of China. On one hand, insurance brokers help policyholders develop insurance plans, select insurance companies, handle insurance procedures, and assist insured individuals or beneficiaries in filing claims with insurance companies. On the other hand, insurance brokers also provide consulting services to clients, such as disaster prevention, loss prevention, risk assessment, and risk management. Particularly in purchasing and making claims under complex insurance products like directors and officers liability insurance and reinsurance, insurance brokers become increasingly prominent. According to the statistical data released by the former China Banking and Insurance Regulatory Commission (now the National Financial Supervision and Administration Commission, referred to as "CBIRC"), by the end of September 2022, there were a total of 2,609 insurance intermediaries in China. Among them, there were five