The significance of full insurance license is that it can help insurance companies to cover a wider market and provide more diversified insurance products and services, thus enhancing their competitiveness and market share. In addition, a full insurance license usually means that an insurance company has a high reputation and credibility in the market, which can bring certain advantages in attracting investment and expanding.
Obtaining a full insurance license requires good capital strength, business management experience, complete internal compliance management mechanism and excellent corporate culture. In addition, a large number of materials and reports need to be submitted to the insurance regulatory agencies, and a strict audit process is needed to obtain a license. In the process of applying for full insurance license, insurance companies need to invest a lot of manpower, material resources and financial resources, and need practical preparation and lasting patience.