Insurance broker

An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers under a contract.[1]

As of 2019, the largest insurance brokers in the world by revenue are Marsh & McLennan, Aon plc, Willis Towers Watson, Arthur J. Gallagher and Hub International.[2]

  1. ^ "Insurance Vendors". Insurance Bureau of Canada. Retrieved 15 January 2021.
  2. ^ "Top Global Insurance Brokers". news.ambest.com. Retrieved 5 May 2020.