What is an insurance broker? What is the difference with an agent? The main scope of work?

Now there are a lot of friends want to buy insurance to avoid the risks of life, and more and more types of insurance products on the market, dazzling, most people in the purchase of insurance, will be due to the lack of understanding of insurance, the need to consult an insurance agent or an insurance broker, then we have not thought about it, to buy insurance should be looking for an agent or a broker?

To know whether to buy insurance is to find an agent or a broker, we first need to figure out the difference between the two, the so-called insurance agent, is directly under an insurance company's sales staff, he can only sell the insurance company's products, if you sell other insurance company's products, then belong to the flyers, will be penalized, and the insurance broker does not belong to any insurance company, belongs to the insurance brokerage company's sales staff. The insurance broker does not belong to any insurance company, but is a salesperson of an insurance brokerage company, and can sell products of many insurance companies.

Currently, the quality of insurance agents in China is mixed, if you buy insurance through an agent, you may meet a very professional senior agent, you may also meet in order to their sales performance, and exaggerate the scope of coverage is not very reliable agent, so if you buy insurance through an agent, you must read the relevant treaties of the insurance product, not blindly listen to the agent's opinion. The company's business is not a good one, but it is a good one.

The biggest advantage of insurance brokers is that they can provide a wide range of products for consumers to choose from. Since an insurance broker may interface with more than a dozen insurance companies, he or she may be able to analyze the situation from the customer's point of view and choose a more suitable product for him or her, but insurance brokers need to get commission for their performance through the sale of insurance, so there is no way to avoid a certain conflict of interest between the broker and the consumer. There is a certain conflict of interest, do not rule out the possibility that some insurance companies may develop insurance brokers into their own employees.

Overall, whether you buy insurance through an insurance agent or a broker, there are advantages and disadvantages, and it is crucial for consumers to shop around, read the terms and conditions of the insurance products carefully, and choose the one that suits them best.

This answer is provided by Kangbo Finance, which focuses on the interpretation of financial hotspots, financial knowledge and popularization of science and technology, adhering to professionalism, the pursuit of fun, do people understand the financial content, with a variety of ways to convey the value of finance and economics. I hope this answer will help you.