In brief - Not all risks are suited to online insurance
applications
Insurance brokers must be wary to make relevant enquiries that
may affect an underwriting decision. This is particularly relevant
when using online quoting systems that do not ask clear questions
about certain risks.
Insurance brokers must not lose sight of their duties
and obligations
The insurance broker is fundamentally the ambassador of the
insurance industry to the consumer of insurance products. They have
the widest knowledge of insurance market cycles, insurer appetite
and consumer sentiment toward the industry.
As ambassadors of the industry for an array of service
providers, it is important that brokers are supported when
discharging their obligations and duties.
