Brokerage General Agent


Also found in: Acronyms.

Brokerage General Agent

In insurance, a person who finds and trains insurance brokers. The brokerage general agent sells insurance policies to the brokers, who then sell them to individuals and/or companies.
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References in periodicals archive ?
In this more restrictive underwriting environment, experienced brokerage general agents find themselves handling cases differently.
The outlook for the brokerage general agent distribution approach in the variable life market is unclear.
Brokerage General Agents (BGAs) can introduce you to new efficiencies in LTCI that make this a faster, easier sale than ever before.
At a breakout session ("Building Your Business with a Better Process") during the National Association of Independent Life Brokerage Agencies (NAILBA) annual meeting in Orlando in November, in a room largely comprised of brokerage general agents (BGAs) and carriers, a speaker noted that carriers today are embracing new technologies designed to simplify and speed up the life insurance underwriting process.
The company also makes its proprietary life insurance available to brokerage general agents, broker/dealers and independent financial planner producer groups through its wholesaling unit, Axa Distributors.
Larger brokerage general agents have also shown keen interest in playing a role here.
For example, several brokerage general agents recently told me that the life insurance business has changed dramatically from a quarter century ago, and even from just a few years ago.
The highly entrepreneurial brokerage general agents quickly seized this channel change as an opportunity to serve the ranks of the newly liberated agents.
Answering these questions can be complex because of the myriad channels involved: retail producers who sell to consumers, including career agents, independent agents, stockbrokers, personal producing general agents, bank representatives and direct response; and intermediary producers who support retail agents, including wholesalers, brokerage general agents and managing general agents; plus variations of those.
American General distributes to middle, upper-middle and affluent markets through personal producing general agents, brokers, independent marketing organizations, brokerage general agents and an agency system.
MONY Group New York has added high-service underwriting to its plan to develop distribution through brokerage general agents with the creation of an underwriting unit in Simsbury, Conn.