| Brokers are the most stable insurance distribution channel on account of following advantages: |
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Brokers represent the client, not the insurer |
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Brokers have expertise, knowledge of market and negotiating skills |
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Brokers are accountable to clients for professional negligence |
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Brokers are technically competent to evaluate insurance companies on the basis of coverage, services and price and thus |
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ensure healthy competition |
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Brokers are more aware of national and international markets |
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Brokers assist in speedy and fair settlement of claims |
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Brokers normally have higher bargaining power – leading to significant Cost Savings for clients |
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Brokers can structure specialized insurance programs – policy limits, minimizing deductibles and optimizing coverage |
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terms |
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Brokers help you evaluate the 'terms' and 'service' you are enjoying today vis-à-vis the 'best' available in today's competitive |
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market – take advantage of competition. |
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Brokers provide several Other Services like Policy Audit, improvement in coverages, expert handling of claims, day-to-day |
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policy administration, etc., |
