Acting as an intermediary between clients and insurance companies, insurance brokers use their in-depth knowledge of risks and the insurance market to find and arrange suitable insurance policies. Unlike tied agents, insurance brokers are independent and offer products from more than one insurer to ensure that their clients, who may be either individuals or commercial businesses and organizations, get the best deal.
- Selecting companies that offer the type of coverage requested by the client to underwrite policy
- Selling various types of insurance policies to businesses and individuals on behalf of insurance companies, including automobile, fire, life, property, medical and dental insurance, or specialised policies such as marine, farm/crop and medical malpractice
- Explaining features, advantages and disadvantages of various policies to promote the sale of insurance plans
No diploma, certificate or diploma
Credentials (certificates, licenses, subscriptions, courses, etc.)
Registered Insurance Broker License of Ontario (RIBO)