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Insurance brokers business to spice up

The insurance industry is increasing at a very fast pace. The next big thing in this business would be the broking business.

Apnainsurance.com Research Bureau

18 Jun 2008

The insurance industry which is growing at a very fast pace is expected to result in business boom for insurance brokers. 

Insurance brokers are intermediaries between the insurance companies and customers.

Unlike agents, these brokers are registered to sell insurance products of various insurance companies rather than only one. Currently, there are only 275 brokers in India. They contribute 25 per cent of the business in on life segment.