An insurance company produces insurance products on behalf of a licensed insurance company.
An insurance company produces insurance products on behalf of a licensed insurance company.
Insurance agents are not regulated by the country and therefore are independently paid by their insurance provider. They are liable to their marketing strategies and do not participate in selling policies to the public.
Insurance brokers are not regulated by the country and therefore are independently paid by their insurance company. They are liable to their marketing strategies and do not take part in selling policies to the public.