Professional Documents
Culture Documents
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The Historic
Question !
Nationalisation: 1972
Consolidation + Marginalisation of the Intermediary
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Brokers` Share !
Internationally
Internationally share
share of
of brokers
brokers Prospects
Prospects in
in India
India
varies considerably
varies considerably
Brokers
Brokers likely
likely to
to capture
capture 20-
20-
100
“India
“India will
will follow
follow international
international
50
Other
channels
trends
trends and
and brokers
brokers will
will be
be an
an
integral
integral part
part of
of the
the non-life
non-life
65
corporate
corporate market”
market”
50
40
20
Brokers15
0
USA Indonesia Britain Australia Spain
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Brokers` Share of
Corporate Risks !
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The Origins - England
16th Century England
Direct Approach:
If proposed policy simple
And underwriter known
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The Origins - Americas
19th Century America
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IRDA`s Expectation
The functions of a direct general insurance broker and direct life
insurance broker:
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Fulfilment of Expectation
Detariff
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Better Insurance Management
Detariff
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Agent vs Broker
Agent Broker
1. Procure premium for his insurer 1. Offers advise for optimal cover
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Value Chain
Commercial Lines Broker
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New Solutions
A Case Study of Turkey
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New Corporate Trends
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Major Service Issues
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Brokerage Paid
2004-05 [audited]
S.No Insurer Brokerage
1 National 26.62
4 Oriental 13.91
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JBBoda Group
The Grace of Tradition
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