The Agents and Brokers market is a segment of the insurance industry that involves the sale of insurance policies to individuals and businesses. Agents and brokers are independent contractors who act as intermediaries between insurance companies and customers. They are responsible for finding the best insurance policies for their clients, negotiating terms and prices, and providing advice on insurance coverage. Agents and brokers typically receive a commission from the insurance company for each policy they sell.
Agents and brokers are typically licensed by the state in which they operate and must adhere to certain regulations. They must also be knowledgeable about the insurance products they are selling and be able to explain the benefits and risks associated with each policy.
Some of the major companies in the Agents and Brokers market include Allstate, State Farm, Farmers Insurance, Liberty Mutual, and USAA. Show Less Read more