THE INSURANCE AGENT

The insurance agent is only tied to one company and acts on its behalf. This means he can only use the product range of this insurance company. An insurance agent is a representative and therefore exclusively on the side of the insurer. The insurance agent is legally the eyes and ears of the insurance company. Even if he means well with his customers, his hands are tied from a purely legal point of view.

THE INDEPENDENT INSURANCE BROKER

The insurance broker is not bound to any insurer and is therefore located in his client’s side of the table. He acts towards the companies on behalf of his clients, as he is not bound by instructions. He always represents the interests of his clients. An insurance broker can access almost the entire market. Based on the individual insurance requirements, he checks which policy is best suited to ensure the desired coverage. In addition, he takes over the necessary communication with the insurer on behalf of his client.

» VEMA eG