Explanation:
Agent: An insurance agent sells or promotes insurance products on behalf of their organization. It is a person who represents an organisation and sells its product. An insurance agent is responsible for filling the forms and processing them correctly and they ensure that premiums are timely paid. In addition to this, agents also focus on improving the image of the company.
An Insurance Broker: An insurance broker sells, buys, or negotiates various financial products best suited to their individual client needs. Brokers are finding out what’s best for their clients from several […]