insurance broker

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Insurance broker

A broker, independent of any insurance company, who represents the interests of the buyer in searching for insurance coverage at the lowest cost and providing the highest benefit to the buyer.

Insurance Broker

A person who sells insurance policies. An insurance broker does not work for an insurance company, but rather represents the buyer of the policy to ensure that he/she receives a fair deal.

insurance broker


insurance agent

a person or firm which acts as an intermediary in bringing together clients seeking INSURANCE cover and INSURANCE COMPANIES offering suitable policies. In some cases the agent may simply introduce the two parties to each other and receive a commission from the insurance company; or the agent may be employed by a particular insurance company to sell insurance policies on its behalf, partly on salary and partly on commission. Insurance brokers are usually independent intermediaries who are able to negotiate with a number of insurance companies on behalf of clients in order to secure for them the most advantageous cover and terms, as well as handling claims and offering general insurance advice. Most of the larger insurance brokers are members of LLOYDS, a corporation of brokers and insurance companies. Insurance brokers are regulated by the FINANCIAL SERVICES AUTHORITY in accordance with various standards of good practice laid down under the FINANCIAL SERVICES ACT 1986.
References in periodicals archive ?
About Heffernan Insurance Brokers Heffernan Insurance Brokers, formed in 1988, is one of the largest independent insurance brokerage firms in the United States.
Each of the policies offered through Cornerstone Insurance Brokers is designed to offer high coverage protection for today's seniors.
Jonathan Willett, a director at Henderson Insurance Brokers Teesside, said: "We're very pleased to welcome Kimberley to her role on the agricultural team, which is a growing sector of expertise for us.
It is believed that Martin Wheatley made the pledge to the British Insurance Brokers Association (Biba) conference after he took over as head of the newly-formed Financial Conduct Authority (FCA).
Compared to similar jurisdictions the current regulatory regime for insurance brokers in Pakistan is relatively underdeveloped.
She said: "This is a very exciting and challenging position and I am looking forward to helping H&H Insurance Brokers grow their business.
If your policy doesn't include this coverage, contact your insurance broker to discuss your risk and if appropriate get a proposal to add employee benefits liability insurance to your insurance program.
Bob Vernon also joins Hodge Insurance Brokers as a relationship manager.
New market research report "Insurance Brokers & Adjusters in China" elaborated byIBISWorld provides true and unbiased insights into China's insurance brokers and adjusters industry, covering its scope, size, disposition and growth including the key sensitivities and success factors.
Firms interested in arranging a Risk Management Audit to evaluate their Worker's Compensation insurance costs can contact Heffernan Insurance Brokers at 800-234-6787.
Among the discounts Cornerstone Insurance Brokers offers is their discount for retirees.
George Wigley, managing director of Hodge Insurance Brokers said, 'This award reflects the industry-leading efficiencies we have introduced through investment in improved IT systems, financial systems and better trained employees to help us achieve our goals.

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