Captive Insurance Companies Provide Greater Risk Protection When establishing your own captive insurance solution, you add additional coverage for risk exposures that are specific to your business. Additionally,
I wasobligatedto put the interests of the insurance company first; my clients’ interests second. Note: This is how most insurance companies with captive agents operate.
Insurance is sold by two types of agents: independent agents, who are self-employed, represent several insurance companies and are paid on commission, and exclusive or captive agents, who represent only one insurance company and are either salaried or work on commission. Insurance companies that ...
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An insurance broker will generally work with an agent or insurer to bind a policy. Before that happens, the price can still change. While independent agents work with more than one insurer, they have contracts with specific companies and are often limited to selling certain policies, unlike ...
Insurance companies generally fall into one of three different operating structures: captive agents, independent agents, and direct writers. Captive Agents Captive agents have offices within your community staffed by friendly professionals to assist you with coverage selection, claims, and policy service....
Captive insurance companies Public entity risk pools Alternative risk structures Reciprocal exchange Managing general agents/managing general underwriters Digital transformation solutions We can set you up with technology to make your projects more efficient. Whether widely used platforms or our proprie...
industry.The captive agents themselves are taking on the companies they represent in the courts over issues that go to the very heart of the captive agent-company relationship and,so far,the outcome has...
In recent years, we have taken advantage of our good business relationships with Chinese captive insurance companies to promote the development of their overseas engineering insurance projects, and to serve our country's “Go Global” strategy. We have established long-term, close and good business...
Life insurance agents represent insurance companies to sell policies that meet your needs. In general, there are two types of agents — captive and independent. Captive agents typically work with one insurer and sell products offered by that company. For example, a State Farm life insurance agent...