Formed in 1988 as a captive broker of the New World Group of companies, New World Insurance is one of the largest independent brokers in Hong Kong. With a highly professional team of brokers and specialists, New World Insurance has over 20 years of experience in one of the most well developed and competitive insurance market in the world. Today, it has became the leading local broker with a strong non-captive client base that can handle all classes of business. In 2003, to accommodate the rapid business development opportunities in the mainland China, New World Insurance became one of the very first foreign insurance brokers awarded a full nationwide license to operate in China under the name of "Beijing New World Insurance Services Ltd". With only three years of growth, today New World has grown into a company that has four major offices in Beijing, Shanghai, Wuhan and Guangzhou that can offer full service coverage to the whole country.