What is the differe...
 
Notifications
Clear all

What is the difference between an insurance company and an insurance broker?

1 Posts
1 Users
0 Likes
122 Views
0
Topic starter

What is the difference between an insurance company and an insurance broker?

1 Answer
0

Insurance companies are organizations that assume risk by providing various types of coverage. The most important function of the carrier is to select the appropriate coverage, set premiums at a price that will generate enough revenue to pay for all the claims, and to invest surplus funds.

An insurance broker is a professional who finds or helps individuals or businesses with buying individual policies or policies for groups with different needs. Brokers are not licensed agents - they are professionals in their field.

Your Answer

Author Name

Author Email

Your question *

Maximum allowed file size is 10MB

 
Preview 0 Revisions Saved
Share: