insurance agents are intermediaries who help other members of the channel by pro
ID: 1167496 • Letter: I
Question
insurance agents are intermediaries who help other members of the channel by providing information and handling the selling function. Does it make sense for an insurance agent to specialize and work exclusively with one insurance provider? Why or why not ? insurance agents are intermediaries who help other members of the channel by providing information and handling the selling function. Does it make sense for an insurance agent to specialize and work exclusively with one insurance provider? Why or why not ? insurance agents are intermediaries who help other members of the channel by providing information and handling the selling function. Does it make sense for an insurance agent to specialize and work exclusively with one insurance provider? Why or why not ?Explanation / Answer
We know that Insurance agent is a midleman beween the insurance company and the customers. They are the real business developers. The role of an insurance agent is that selling new policies and renewel of the existing policies to the customers. The insurance agent reduce the gap between insurance company and the customers. The insurance company sell their product through the specialist in the field of insurance. that is the insurance agent. They will bring the information between the buyers and the sellers of the product. The agent gave the information for new policies, variety of new olicies, etc. because most of the customers donn't have much knowledge realting to the policies. The agent will help the customers to decide which is the best and apt polices.
This will help the insurance company to provide new and variety of insurance policies to the market. The agent is the real star of the insurance companies to provide more product to the market. the agent act as interest of the insurer in the insurance processes through the agency agreement with the insurer. Sometimes the agent work independentlly and sell policies for more than one compnay. That means the agent is a single insurance company selling more than one companies insurance policies.
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