insurance agent
Definition
Noun: A person or company authorized to sell insurance policies to individuals or businesses, acting as an intermediary between the insurance company (the insurer) and the customer (the policyholder). Their primary role is to assess client needs and sell suitable insurance products.
Usage
An insurance agent sells and services insurance contracts. They are the point of contact for clients seeking coverage. - You typically contact an insurance agent to get a quote for car or home insurance. - An insurance agent explains the terms and conditions of a policy. - They help you file a claim if an insured event occurs.
Examples
Advanced Usage
- Independent vs. Captive Agent: An independent insurance agent sells policies from multiple insurance companies, while a captive agent works exclusively for one insurer.
- Agent of Record: The specific agent officially listed as the representative for a policyholder.
Variants and Related Words
- Insurance Broker: A professional who shops for insurance on behalf of clients, often with access to policies from many companies. While similar, a broker typically represents the client, whereas an agent often represents the insurer.
- Underwriter: A professional employed by the insurance company who assesses risk and decides whether to issue a policy and at what premium. This is a distinct role from the sales-focused agent.
Synonyms
- Insurance representative
- Insurance salesperson
- Policy agent
Related Phrases
- To be licensed as an insurance agent: To have the official state certification required to sell insurance.
- After passing the exam, he was licensed as an insurance agent.
- To work through an agent: To purchase insurance via an agent rather than directly from the company.
- Many people prefer to work through an agent for personalized advice.
Noun
-
an agent who sells insurance
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