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- Dictionaryinsurance broker
noun
- 1. a person or company registered as an adviser on matters of insurance and as an arranger of insurance cover with an insurer on behalf of a client.
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Jul 31, 2022 · Definition. Insurance brokers connect people to the insurance policies they need. Learn how they represent clients’ best interests and earn commissions from insurers.
An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers under ...
Apr 26, 2015 · A broker (or insurance broker) is a person who is licensed to sell insurance and typically works with multiple insurance companies offering a variety of products to a customer.
Insurance brokers typically start as a junior broker or client services representative with a broad, shallow focus in health, commercial, or personal insurance. As insurance brokers progress through their careers, they will become more and more specialized.
Jun 13, 2023 · A broker provides invaluable services to insurance applicants and policyholders, especially those who aren’t sure what their insurance needs are.
Oct 30, 2023 · Insurance brokers serve as intermediaries connecting insurance buyers, whether individuals or businesses, with a multitude of insurance companies. They maintain no affiliations with a specific insurer, granting clients access to a broader spectrum of policy choices from various providers.
a person or company whose job is to give people independent advice about what insurance is available from different companies, and to arrange insurance for them: When you consult an insurance broker, you trust them to find you the policy that best suits your needs.
