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Insurance Brokers are intermediaries between insurance companies and customers. They provide advice and assistance to customers in selecting the most suitable insurance policies for their needs. Insurance Brokers are independent of any particular insurance company and are not tied to any one insurer. They are able to compare policies from different insurers and provide advice on the best policy for the customer. They also provide advice on the claims process and can help customers with the paperwork.
Insurance Brokers are regulated by the Financial Conduct Authority (FCA) and must adhere to strict rules and regulations. They must also be registered with the FCA and must have professional indemnity insurance.
Some of the companies in the Insurance Broker market include Marsh, Aon, Gallagher, Willis Towers Watson, Arthur J. Gallagher & Co., and Lockton. Show Less Read more
