Difference between an Insurance broker and insurer

Odunsi

Member
Insurance brokers is not the same as insurers. Insurance brokers work is to find you the proper cover, find you the suitable insurance provider and assist you to make and manage a claim, but obligation for the risk associated together with your policy rests with the insurance company.

In fact this means that Insurance broker work to pair you with the insurance firm who is suitable for you and work together with you if you need to claim.

Role of an insurance broker?
They act on your behalf as the buyer, rather than insurer, and do all of the legwork involved in getting a policy particular to you.
 
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