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ARTICLE · 21 AUGUST 2017

FDI In Insurance Broking – A Relaxation Long Overdue?

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Insurance distribution involves marketing to clients by an insurer's in-house team and engaging intermediaries such as individual agents, corporate agents, and point of sales persons.

IndiaInsurance
Anuj Sah
Anuj Sah
Rohan Singh
Rohan Singh
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Insurance distribution involves marketing to clients by an insurer's in-house team and engaging intermediaries such as individual agents, corporate agents, and point of sales persons. Insurance brokers play a seminal role in the latter and indirectly contribute to the former. Insurance brokers, unlike other intermediaries, act for potential policyholders and not insurance companies. The types of activities provided by insurance brokers range from risk assessment / management to handling claims for their clients. This allows a client to receive catered advice and assistance on the extent and nature of insurance coverage they require. Accordingly, insurance brokers provide significant services to their clients and facilitate the sale of insurance policies to their customers, thereby contributing to the process of efficient and informed insurance distribution.

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