Blue Azurite has successfully assisted a client in obtaining the Insurance Broker Licence, issued under the Insurance Act 2005 and the Insurance (Insurance Brokers) Rules 2008. This licence authorises international insurance and reinsurance intermediaries to place commercial risks and policies from Mauritius, backed by mandatory capital thresholds, professional indemnity cover, and strict segregation of client premiums in dedicated accounts.
Core Functions & Market Role
Operating as an independent intermediary between clients and licensed underwriters across life, general, or reinsurance business lines. It provides the legal authority to collect premiums, place commercial or personal risks, and manage international reinsurance portfolios.
Prudential & Compliance Standards
The regulatory framework demands rigorous controls: maintaining dedicated client bank accounts to separate operational funds from premiums, appointing certified designated officers who pass FSC competency standards, and establishing robust AML/CFT governance.
Why Working With Us Matters
We navigated the entire application process on our client’s behalf. As an FSC-licensed Management Company, Blue Azurite guided this approval from end to end, giving us direct experience with FSC solvency expectations, professional indemnity validation, and the structuring of dedicated client premium accounts under the Insurance Brokers Rules 2008.
For detailed capital requirements, mandatory officer appointments, and full operational rules, explore our dedicated Insurance Broker Licence page.
Ready to launch your insurance broking operations? Speak with our advisory team to evaluate your requirements.
