insurance brokerage
Coverage sales firm
An insurance brokerage is a business that connects clients with insurance companies, helping individuals or organizations find and purchase appropriate coverage.
Unlike agents who represent specific insurers, brokers work on behalf of the client, shopping across multiple carriers: She went through a brokerage to compare health plans.
The term also refers to the industry or practice itself.
- intermediaryAgent linking two parties
- fiduciary dutyObligation to act loyally
- peace of mindState without anxiety
- underwritingRisk evaluation and acceptance
- competitive ratesPrices rivaling others' offers
financial modeling · risk assessment · risk management · contract law · ethics training · coverage gap · fine print · policy renewal · consumer protection laws · commission structure · lead generation · digital platforms · data analytics · marketing campaigns
- brokeragestock trading, bond trading, commissions, securities trading, fees
- life insuranceterm life, whole life, beneficiary, premium, death benefit
insurance brokerageinsurance carrier
Company providing coverage
insurance company · insurer · reinsurer · underwriter · policyholder
insurance, brokerage, insure, insured, insurer, insurers, insuring, uninsured, reinsure