Brokerage General Agent

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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.
References in periodicals archive ?
Check image deposit, a check imaging capability that allows Genworth to work from the scanned image of a check, allows participating brokerage general agents to increase speed of service and save on express mail expenses.
Brokerage General Agents can introduce you to new efficiencies in LTCI that make this a faster, easier sale than ever before.
Some insurance executives, including those at brokerage general agents, independent marketing organizations and carriers that sell through independent agents, are proceeding apace to beef up their ranks of producers.
"Insurance Marketing" magazine is published ten times a year and distributed on a controlled basis to 13,500 marketing general agents, brokerage general agents, agency managers, and insurance company marketing executives.
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.
Larger brokerage general agents have also shown keen interest in playing a role here.
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.
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.