Duties of insurance brokers

Virgo, John M.; Ryley, Philip

doi:10.1108/13581980410810740

Cited by 4 publications

(4 citation statements)

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“…Lingkup tanggung jawab pialang dalam setiap kasus tentu saja bergantung pada ketentuan perikatan yang tepat, tetapi jika tidak ada upaya untuk mendefinisikan ruang lingkup tanggung jawab dalam ketentuan perjanjian bisnis apa pun, tugas minimum inti yang pada umumnya mencakup pada ketentuan dan kompetensi untuk menjalankan strategi [10], [11]. Sebuah perusahaan pialang asuransi memberikan banyak layanan kepada kliennya, termasuk penempatan dan evaluasi risiko, pengelolaan, klaim, dan layanan lainnya Perusahaan pialang merupakan perusahaan yang mewakili kepentingan tertanggung (pembeli asuransi komersial) atau sekelompok bisnis dari perusahaan asuransi, jika bertindak selaku pialang reasuransi.…”

Section: Pendahuluanunclassified

Prospek Pialang Asuransi Dan Bekerja Di Perusahaan Pialang Asuransi Sebagai Industri Penunjang Asuransi

Awaloedin,

Winata

2023

J. Masy. Madani Indones.

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Tujuan Pengabdian kepada Masyarakat (PkM) ini adalah memberikan penyuluhan guna meniti karir sebagai pialang asuransi di industri perasuransian Indonesia. Untuk mencapai tujuan tersebut, maka dilakukan kegiatan penyuluhan pada semester genap tahun akademik 2022/2023. Sasaran yang ingin dicapai adalah para mahasiswa program sarjana dan diploma asuransi, mahasiswa yang sedang menempuh tugas akhir dan berminat untuk meniti karir di industri pialang asuransi, serta masyarakat pengguna jasa keperantaraan dalam industri perasuransian. Sedangkan metode pelaksanaan kegiatan ini dilakukan secara virtual melalui platform zoom meeting. Hasil PkM ini sangat bermafaat bagi mahasiswa, dosen dan praktisi pialang asuransi dan pialang reasuransi untuk menambah pengetahuan mereka secara praktis di lapangan. Sedangkan prospek pialang dan bekerja di perusahaan pialang asuransi dan pialang reasuransi masih terbuka dan sangat menjanjikan bagi para pencari kerja.

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Section: Pendahuluanunclassified

Prospek Pialang Asuransi Dan Bekerja Di Perusahaan Pialang Asuransi Sebagai Industri Penunjang Asuransi

Awaloedin,

Winata

2023

J. Masy. Madani Indones.

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“…2.1 Industry Insurance traditionally, and still today, is sold through intermediaries, commonly known as insurance brokers. The duties of an insurance broker are to look at and arrange the most suitable cover for the risk presented and assist in claims notification to the underwriter (Virgo and Ryley, 2004). In the recent past many of the larger underwriters have developed direct channels by developing their own branch networks, such as PMPA, or employing agents to represent them and sell their products.…”

Section: Personal Lines In the Insurance Market In Irelandmentioning

confidence: 99%

Adding value to insurance products: the AXA Irish experience

Brophy¹

2013

Journal of Product &Amp; Brand Management

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Purpose -While competition within car and home insurance increases through more players and also unfamiliar entrants to the market (supermarkets), the purpose of this paper is to report on a study of one large insurer in Ireland which attempts to differentiate itself from its peers. Design/methodology/approach -The paper does this through a literature review of the insurance market and customer relationship management, and a detailed study of the company loyalty programme and its application to its customers. Findings -The loyalty programme employed suits the particular sector in terms of purchase intention and also gives the customer of the insurance brand a sense of belonging and relevance where they can avail themselves of savings on related products. Research limitations/implications -Information sourced is based on published data from the company and other peer reviewed journals. This is a study on a simple loyalty programme that can be applied to low frequency purchases. Practical implications -This simplified loyalty programme gives the brand high recognition values in terms of how the brand is made relevant to the customer through discounted related products. Originality/value -As loyalty programmes are not a usual feature of financial services, this paper highlights a unique programme in operation that is being replicated elsewhere.

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“…Intermediaries come in the form of tied agents or insurance brokers selling life and non‐life products. The duties of insurance brokers and intermediaries can be summed up as:arranging suitable cover; andmaking appropriate notifications under the terms of cover (Virgo and Ryley, 2004). Over the past 50 years, the Irish market, together with other national markets, has changed with the advent of direct insurers (bypassing intermediaries), telephone sales operations, and internet‐based selling.…”

Section: The Irish Insurance Marketmentioning

confidence: 99%

“…arranging suitable cover; and . making appropriate notifications under the terms of cover (Virgo and Ryley, 2004).…”

Section: The Irish Insurance Marketmentioning

confidence: 99%

Development of insurance regulation in Ireland

Brophy¹

2012

Journal of Financial Regulation and Compliance

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PurposeThe purpose of this paper is to chart the chronology of insurance regulation in Ireland and evaluate the integration within European Union directives.Design/methodology/approachThe approach used was to chart the development of insurance regulation in Ireland and establish the stakeholders in the insurance industry that are affected by regulation. The various aspects of the EU involvement in regulation were also listed.FindingsIreland is one of the few countries that has a single financial regulator that is the Central (Reserve) Bank. The Central Bank is recognised as the Irish national regulator for all insurance activities in the EU and with that carries responsibility for implementing EU directives. In comparing other regulatory systems, there is a mixture of direct government involvement, sector specific regulation, financial services regulation and Central Bank acting as regulator.Research limitations/implicationsResearch is based on literature review and data obtained from the EU regarding national regulators. It does not set a standard of regulation or compare different regulators but establishes the different forms of regulation in Ireland and the EU.Practical implicationsThe paper establishes Ireland's insurance regulatory environment amongst its European peers. It also charts the development of insurance regulation from solvency to the current model of solvency and consumer protection with the other offices of Financial Services Ombudsman.Originality/valueThe paper is based on research based on literature review and data obtained from the EU regarding national regulators.

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Duties of insurance brokers

Abstract: is an associate and Head of the Compliance and Training Consultancy at TLT Solicitors, Bristol and specialises in financial services, general insurance and mortgage regulation, including supervision and enforcement issues.

Cited by 4 publications

References 0 publications

Prospek Pialang Asuransi Dan Bekerja Di Perusahaan Pialang Asuransi Sebagai Industri Penunjang Asuransi

Prospek Pialang Asuransi Dan Bekerja Di Perusahaan Pialang Asuransi Sebagai Industri Penunjang Asuransi

Adding value to insurance products: the AXA Irish experience

Development of insurance regulation in Ireland

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