Insurance for Chinese Nationals | Local National Insurance China
Multinational pooling is sponsored by McKinley International Risk Management an international insurance broker. Making sure any insurance offered to Chinese nationals is on a compliant and admitted basis is essential. The law is being broken if you insure your Chinese local nationals with an insurance that is not locally licensed and just because a company has a license to operate in Hong Kong, this does not necessarily mean they have the license to insure Chinese mainland local nationals.
Employer that wish to extend insurance to Chinese citizens must first understand the need to do it properly, but the good news is in 2010 there are many more options than what existed just 5 years ago. The process can be managed and controlled from the U.S. or the home office, and the need for everything to happen in a back room locally in China with brokers and players you don’t know or understand, is no longer the case.
Almost all the major multinational pooling companies have network partners that can insure and provide local national insurance in China. Even the companies that are traditionally known for expatriate benefits are finding ways to provide local national benefits in China on a compliant and admitted basis. Please contact McKinley International Risk Management for more on multinational pooling and admitted insurance in China.
