21
Sep
An insurance broker is a type of insurance intermediary who can solicit insurance business on behalf of the insurance company and advise their clients on their insurance requirements. Insurance brokers require a broking license from the competing authority to operate in India. In India the competing authority to provide license to insurance intermediaries is the Insurance regulatory and development authority of India. There are three types of broking licenses which are given by the IRDA, they are; - Direct insurance broker who can source life insurance, non-life insurance and health insurance business in India, Reinsurance broker who can source reinsurance…