Frequently Asked Question
Insurance Broker is a specialist in insurance and risk management. Insurance brokers liaise between clients and insurance companies, with a goal to find the best deal to suit their clients' needs.
Broker | Agent |
· Professional Corporate entity. | · Individual entity. |
· Represents all registered insurers. | · Attached to a single insurer. |
· Represents client to the insurer. | · Represents insurer to the client. |
· Actively governed by act of parliament. | · Non formal regulation. |
· Professional and experts in the industry. | · Marketing conduit to the insurer. |
The IRCSL is the regulator of the insurance industry established by the Regulation of Insurance Industry Act, No. 43 of 2000 (the Act) for the purpose of development, supervision and regulation of the Insurance Industry in Sri Lanka.
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Frequently Asked Question
Insurance Broker is a specialist in insurance and risk management. Insurance brokers liaise between clients and insurance companies, with a goal to find the best deal to suit their clients' needs.
Broker | Agent |
· Professional Corporate entity. | · Individual entity. |
· Represents all registered insurers. | · Attached to a single insurer. |
· Represents client to the insurer. | · Represents insurer to the client. |
· Actively governed by act of parliament. | · Non formal regulation. |
· Professional and experts in the industry. | · Marketing conduit to the insurer. |
The IRCSL is the regulator of the insurance industry established by the Regulation of Insurance Industry Act, No. 43 of 2000 (the Act) for the purpose of development, supervision and regulation of the Insurance Industry in Sri Lanka.