insurance broker

Description

Insurance brokers promote, sell and provide advice on various insurance policies such as life insurance, health insurance, accident insurance and fire insurance to individuals and organisations. They also work as intermediaries between individuals or organisations and insurance companies, and negotiate the best insurance policies for their clients, arranging insurance cover where needed. Insurance brokers engage with new prospective clients, provide them with quotes for their policy needs, assist them in the signing of new insurance contracts and propose specific solutions to their specific problems.

Definition

Insurance brokers are natural or legal persons who provide insurance. They are also called insurance intermediaries.\
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Scope notes

Includes insurance intermediaries.

Alternative label

  • insurance seller

  • household insurance broker

  • insurance sales advisor

  • retail insurance broker

  • property and casualty insurance agent and broker

  • insurance sales agent

  • insurance sales consultant

  • insurance agent

  • life insurance representative

  • insurance sales person

  • personal lines insurance broker

  • sales insurance supervisor

  • life insurance broker

  • commercial insurance broker

  • insurance intermediary

  • insurance sales adviser

  • insurance sales representative

Regulatory aspect

To see if and how this occupation is regulated in EU Member States, EEA countries or Switzerland please consult the Regulated Professions Database of the Commission. Regulated Professions Database: http://ec.europa.eu/growth/single-market/services/free-movement-professionals/qualifications-recognition_en

Hierarchy

Essential skills and competences

Essential Knowledge

Optional skills and competences

Optional Knowledge

Status

released

Concept URI

http://data.europa.eu/esco/occupation/a198de8c-24b1-4002-982f-a57ae6d6c19c