MANAGEMENT

BUISENESS MANAGEMENT

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of these helps you to shop around for insurance?
A
Agent
B
Assessor
C
Actuary
D
Broker
Explanation: 

Detailed explanation-1: -Other things to look for are years of experience and education. Personality Traits: Agents get paid commissions by the insurance company, so it is important to find one that is honest and trustworthy. They also should be passionate and enthusiastic about what they do, and of course, you should like your agent.

Detailed explanation-2: -What is an insurance broker? An insurance broker is a regulated financial adviser who specialises in general insurance. They are experts who will help you decide what type of insurance and level of cover you need and recommend a suitable policy at a price you can afford.

Detailed explanation-3: -Advocating on your behalf to resolve claims and coverage conflicts. Assistance in obtaining settlements from insurers for losses that penetrate excess insurance layers. Liaising with insurance companies, claims and risk data information systems. Risk control and claims advocacy services, as requested.

Detailed explanation-4: -An insurance broker acts as an intermediary between you and an insurer. Armed with both your background and their insurance know-how, they can find a policy that best suits your needs for a reasonable price. While brokers can save you time and money, you may have to pay a broker fee for their services.

There is 1 question to complete.