Problems of the working system of insurance agents

Regulations of the insurance law on insurance agents and insurance brokers

Legal status of the insurance agent is determined by agreement

The insurance broker and the insurance agent, although they are both insurance intermediaries, are fundamentally different:

In Germany, the insurance agent is referred to as the insurer's "extended hand", while independent insurance brokers are known as "allies" of the insured! "ally" of the insured! The two specific differences are the following four points:

1, the interests represented by different. Insurance brokers accept the client entrusted, on behalf of the interests of the client; and insurance agents for the insurance company agency business, on behalf of the interests of the insurance company.

2, provide different services. Insurance brokers provide customers with risk management, insurance arrangements, to assist in the whole process of claims and recovery services; and insurance agents generally only sell insurance products on behalf of the insurance company, on behalf of the collection of insurance premiums.

3, the object of different services. The main customers of insurance brokers are mainly middle and high-end consumers with relatively stable incomes and large and medium-sized enterprises and projects, and the customers of insurance agents are mainly individuals.

4, the legal responsibility is different. Customers and insurance brokers are entrusted with the fiduciary relationship, if the insurance broker's fault caused by the customer's loss, the insurance broker to the customer to bear the corresponding financial liability. The insurance agent and the insurance company is the agent of the agent relationship, the agent of the insurance company only to the insurance agent within the scope of authorization of the consequences of the act is responsible for.

Extended reading: insurance how to buy, which is good, hand to teach you to avoid the insurance of these "pits"