What is the difference between an insurance broker and an agent 2024?
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Works at the International Federation of Red Cross and Red Crescent Societies, Lives in Geneva, Switzerland.
Insurance brokers represent multiple insurance companies. Thus, brokers are free to offer a wider range of products to their clients. They can search the market and obtain multiple price quotes to fit their clients' budgets. You might say that agents work for the insurance company while brokers work for their clients.
2023-06-06 11:53:02
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Daniel Kim
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Insurance brokers represent multiple insurance companies. Thus, brokers are free to offer a wider range of products to their clients. They can search the market and obtain multiple price quotes to fit their clients' budgets. You might say that agents work for the insurance company while brokers work for their clients.