Insurance agent is an occupation for an insurance company is exercised.

They worry about customers and maintain the relationship zudiesem existing customer master and to the possible new customers of an insurance company.

Basis is the agency agreement with the insurance company (Ausschliesslichkeitsvertretung). The insurance agent is after "§84 HGB an independent buyer.

Beside the Ausschliesslichkeits representative it gives also and the insurance broker to the multiple agents. These are active for several insurance companies and have another adhesion relationship to these than the insurance agent. While the representative closes his contract with the insurer and receives of this for mediated business a commission, the broker closes his contract with the customer, receives for mediated business however of the insurance company a brokerage fee.

The insurance agent lives from the following sources of income:

• Bestandsprovison (also subsequent commission)
• Acquisition costs (also firstyear old commission increased)
• Subsidies, e.g. structure subsidies in the first years or guaranteed subsidies due to a too small customer existence

Articles in category "Insurance agent"

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