Multiple choice

Who among the following represents the people who want insurance and connect them to insurance companies?

  1. insurance agent

  2. insurance broker

  3. third party administrator

  4. insurance web aggregator

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Insurance brokers may be individuals or corporates and work independently for insurance companies. They represent the people who want insurance and connect them to insurance companies obtaining best possible insurance covers at best possible premium rates. They also assist the insuring people during times of loss and making insurance claims.