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The development officers are paid employees of Insurance Cos who are offered remuneration along with commission on business secured through his agent base. The main activity of the development officer is facilitate agents to secure insurance business on behalf of the company. In fact they act as middleman between agents and the insurance company.
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What is the role of a chief financial officer?
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What is the role of a chief financial officer?
The chief financial officer is an officer of a company in corporate leadership that is responsible for managing the cash flow and financial reports of a company. This position usually works closely with the CEO.
As a business development officer what is your main duty?
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Is a life insurance company an example of financial intermediaries?
Though Life Insurance Company plays the role of financial intermediary, technically an Insurer is governed by Insurance Regulator of the country and has got separate entity of its own.
What is the role of IRDA?
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What is the role of insurance advisor in insurance?
An insurance advisor, broker or agent are the same thing.Answer:The role of an insurance advisor is to help you choose the right policy per your needs. He or she serves as the link between a consumer looking for insurance and an insurance company. Their role also includes helping you assess your insurance needs and complete the formalities required to purchase an insurance policy. GEPL, which is essentially a stock broking company, also offers comprehensive insurance advisory service. The best part about their service is that it is totally bias-free and also include claims and settlement assistance.
What is loss prevention officer?
A loss prevention officer can either work for an insurer or a company. In a company the role would entail looking at all business risks and reporting back on the major risks. For an Insurer the role would be to advise clients how to reduce the risks of business losses
What type of life insurance sale does not include an agent?
When a person buys a policy online from an insurance company,there is no role of an agent in the whole process.
