What has been the effect of online insurance on the insurance intermediary?
When online insurance emerged it provided private and corporate clients with the opportunity of purchasing insurance products online without the use of the intermediary. What if any has been the effect of online insurance on the insurance intermediary.
Answer:
I think it has given some people a guideline about what's available.
People buy from agents they trust and can answer their questions.
If you want Insurance go directly to the Insurance Company. I know of one person who paid an Intermediary and later found out the hard way that he did not purchase Insurance. In other words, he thought he was purchasing insurance, but he was not.
It was like those Law Inter mediators who merely select lawyers for you. A Fancy Yellow page in other words. Best not to deal with them/
Answer:
I think it has given some people a guideline about what's available.
People buy from agents they trust and can answer their questions.
If you want Insurance go directly to the Insurance Company. I know of one person who paid an Intermediary and later found out the hard way that he did not purchase Insurance. In other words, he thought he was purchasing insurance, but he was not.
It was like those Law Inter mediators who merely select lawyers for you. A Fancy Yellow page in other words. Best not to deal with them/
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