Okuzeka
Insurance vocabulary · Brokers, Agents & Distribution

Insurance agent

Meaning in insurance, with examples

nounCore term

In insurance, insurance agent means: A person or business that sells policies on behalf of one or more insurance companies and earns a commission on each sale.

In Turkish: sigorta acentesi, acente

How it is used

The most familiar face of insurance for retail customers. Agents issue policies, collect premiums and follow up renewals; some work for one insurer, others for several. In Turkey, agencies are the largest sales channel for non-life insurance.

Example sentences

  1. Our insurance agent reminded us that the car policy expires next week.

  2. She has worked as an insurance agent for three different companies.

Common collocations

  • local insurance agent
  • tied agent
  • independent agent
  • agent commission
  • brokerAn independent intermediary who acts for the customer, compares offers from different insurance companies and helps arrange the most suitable policy.
  • commissionA payment, usually a percentage of the premium, that an insurance company pays to an agent or broker for selling a policy.
  • intermediaryA person or firm, such as an agent or broker, that stands between customers and insurance companies and arranges policies.
  • bancassuranceThe sale of insurance products through banks, usually to the bank's own customers at branches or through digital banking.

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This page explains English vocabulary for learners. It is not financial advice.