I always wondered the details of what an insurance broker does exactly. Any idea?
Insurance broker
An insurance broker sells, solicits, or negotiates insurance for compensation.
As of 2015, the largest insurance brokers in the world, by revenue, are Marsh & McLennan, Aon Corporation, Arthur J. Gallagher & Co, and the Willis Group
In the United Kingdom.
"Insurance broker" became a regulated term under the Insurance Brokers (Registration) Act 1977 which was designed to thwart the bogus practices of firms holding themselves as brokers but in fact acting as representative of one or more favoured insurance
Practice. In the absence of any complaint by the public, the degree in which members' websites are actively monitoring for compliance to UIA Code of Practice is uncertain. Prior to engaging an energy broker it is important to request that the energy broker confirm they are independent, unbiased and exactly what their charges are. The UIA however does have a robust complaints process that enables the customer in the absence of an acceptable solution, to be referred to the independent customer redress scheme that forms part of the UIA Code of Practice and