Insurance brokers and their tasks

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PostPosted: Tue Apr 20, 2010 9:10 am   Post subject: Insurance brokers and their tasks  

Are the insurance brokers truly independent unlike agents? Please write to me regarding their typical tasks.


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Pierrecharter
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PostPosted: Wed Apr 21, 2010 12:15 pm   Post subject:   

They're the intermediaries between different insurers and the clients that they have. They'd generally have different organizations, businesses or individuals as their clients. They're pretty much aware of the industry risks as well as the activities in the global insurance market.

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PostPosted: Thu Apr 22, 2010 11:58 am   Post subject:   

Their responsibilities would vary with the nature and volume of business they're involved in. A broker would work towards a specific area in a large concern.

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PostPosted: Fri Apr 23, 2010 12:10 pm   Post subject:   

Quote:
A broker would work towards a specific area in a large concern.


Brokers who work for smaller firms are involved in a lot of work. Some are involved in generating new business, while some are working as claims broker.
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PostPosted: Sat Apr 24, 2010 5:34 am   Post subject:   

I hope the most common thing that a broker does is to collect their clients' information. They'd then assess the insurance risks and requirements of their clients.


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PostPosted: Sat Apr 24, 2010 6:25 am   Post subject:   

They'd also play a key role in helping their clients to decide whether they should file a claim under various circumstances. I guess this one of their most important tasks.


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