Since establishment in Hong Kong in 1988, Nova Insurance has always been focused on delivering the best risk and insurance solutions to their clients.
To cope with the business of their clients as more of them started investing outside Hong Kong, Nova expanded their business further into Macau and China. While people are talking about the opportunities in the Greater Bay Area in recent years, Nova is in fact a pioneer and had already set up Beijing Nova Insurance Services Ltd in China in 2003. And Beijing Nova has just received approval from the regulator the National Financial Regulatory Administration to add a new branch in Suzhou in Jiangsu Province. Suzhou is their fourth office in China in addition to Beijing, Shanghai and Guangzhou.
Nova Insurance Consultants Ltd in Hong Kong has a professional team with good track record of handling large corporate risks and mega construction projects. They offer one-stop-shop service for all types of insurances and have handled numberous mega projects such as Victoria Dockside, 11 Skies & Kai Tak Sports Park. It is ranked as the largest local general insurance brokers by Frost & Sullivan in 2023, out of 808 licensed brokers in the city.
In 2021 Nova was invited by Insurance Authority (IA) as a partner of the Hong Kong Specialty Risks Consortium to support IA the Belt & Road Initiative. Through global broker networks, Nova can serve their clients’ insurance needs all over the World. This is a unique selling proposition of the broker and they can handle both inward referral business from their overseas broker partners and the overseas investments of their clients in Hong Kong and China. Those risks may be situated in London or India or Africa.
Nova Insurance Consultants has enormous support from their parent company FSE Lifestyle Services Limited, a service conglomerate listed in the Hong Kong Stock Exchange (Stock Code: 0331.HK) with 25,000 employees and an annual revenue of over HK$7 billion.
Patrick Chan, Managing Director of Nova Insurance Group, said: “We are honoured to receive the recognition from InsuranceAsia News for the Best Broker of Hong Kong under the Country Awards for Excellence 2024, in particular this is the first year the category of “Best Broker” is added. Hong Kong is a very competitive market with a large number of both insurers and brokers and clients here are very demanding as it is indeed the World’s 16th largest insurance market by gross premiums. For sure the Nova team will always strive for excellence and offer the best services our clients deserve.”
