Insurance intermediaries

An arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base.

A single payment made at a particular time, as opposed to a number of smaller payments or instalments.

In insurance, a certain percentage of premium produced that is retained as compensation by insurance agents and brokers.

An amount paid for fixed assets, for expenses related to the acquisition of a new customer, or for the takeover of a competitor.

a breach of a duty of care which results in damage

A professional who offer independent advice on financial matters to their clients and recommend suitable financial products from the whole of the market.

Thee part of an insurance claim to be paid by the insured.

The insurance ............. is the sum of money an individual or business must pay for aninsurance policy.

An ................... is a professional who represents consumers in their search for the best policy for their needs.

Someone who is paid by a financial organization to sell and give advice only on its investment products, not on those of its competitors.

.................simply means the customers reach out to the insurer directly to buy a product.

................ is the complete and full revealing of information relevant to a particular issue.