Insurance Broker?

[jiten702]

An insurance broker is a person or an organisation who functions as an intermediary between two or more parties in negotiating agreements like an insurance contract.

An insurance broker is a highly regulated entity which deals with all insurance companies on behalf of its customers.

An insurance broker is different from an agent which deals with only one insurance company. The entity being a consolidator of business to the insurance company is able to negotiate better deals and service.

[GrowConnect]

Now I know the difference between a broker and an agent. :-)

[nutanparekh]

Similar to insurance broker, there are insurance broking companies which deal with many insurance companies. They help the customers to find the best policy from all the insurance companies. So, the customers have the advantage of getting an unbiased decision over the best policy suited for themselves. GEPL Capital is one such broking firm which provides insurance advisory services to their customers.
geplcapital.com

[advinbrit]

Insurance broker is an independent insurance agent who works with many insurance companies to find his or her client to provide the best policy. A typical insurance agent for a specific engineering company, and from the company's policy options for customers.

[Dividend]

There is also a big difference in their duties like agent is only responsible for the timely and accurate processing of forms, premiums, and paperwork. It is your obligation to make sure you have purchased needed coverage. They’ll not conduct a thorough examination of your business or to make sure you have appropriate coverage.
While on the other hand the brokers have the duty to analyze a business and secure correct and adequate coverage for the business.& also broker will have more education/experience than an agent.