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Insurance Broker?

Money Talk India Finance Forum (MTIFF) :: Insurance Talk :: General Talk on Insurance

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Insurance Broker? Empty Insurance Broker?

Post by jiten702 Mon Mar 21 2011, 17:21

An insurance broker is a person or an organisation who functions as an intermediary between two or more parties in negotiating agreements like an insurance contract.

An insurance broker is a highly regulated entity which deals with all insurance companies on behalf of its customers.

An insurance broker is different from an agent which deals with only one insurance company. The entity being a consolidator of business to the insurance company is able to negotiate better deals and service.

jiten702
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