The statutory consideration period for an application to be authorised as an insurer is thirteen weeks. The consideration period will start when we have received your full application.
We will start reviewing your application immediately after receiving it. This marks the start of the 13-week consideration period. We will first verify whether you completed the application form in full and included all required documents. If we find that information is missing, you will be given the opportunity to supplement your application within a specified deadline. The consideration period will then be suspended. See also: How long will it take to consider my application for authorisation?
The application procedure comprises several steps. For example, after our first review of your file, we may ask you to provide supplementary information, schedule a meeting, or we may need to assess your company's policymakers. We have prepared an overview of the steps that you may need to go through. View our animation to learn more about the practical aspects of applying for a licence.
The time needed to consider your application greatly depends on its standard and completeness and on the supplementary information that you provide. If this is insufficient, we may need more than thirteen weeks to come to a decision.
We have listed a number of success factors that will help guarantee a smooth consideration procedure. Please let us know if you have any other tips and recommendations that we may add to the list.
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