MAS expects to take not more than 4 months to review and process an application if the business model is straightforward, the applicant meets the relevant admission criteria fully, and the application is complete and clear. For more complex cases, or cases where information is assessed to be incomplete or inaccurate, MAS will need a longer time to review the application.
Please ensure that your application is complete, correct and accompanied by the requisite supporting documents.
Validity of the Registration
The registration of an insurance broker does not need to be renewed.
The registration is valid until:
The insurance broker stops conducting insurance broking activities, and the registration is cancelled by MAS.
The registration is cancelled by the MAS.
Requirements for Insurance Brokers
For more information on MAS' requirements for insurance brokers, refer to the following: