Consolidation in the insurance industry is a continuing trend. One area where mergers and acquisitions frequently occur is between marketing intermediaries who represent insurance purchasers. These intermediaries are called
A) insurance adjusters.
B) insurance agents.
C) insurance underwriters.
D) insurance brokers.

Question

Quizplus · Accepted Answer

Insurance brokers represent insurance purchasers and are known to engage in mergers and acquisitions to consolidate their market share. Insurance adjusters are responsible for assessing the losses and determining the coverage provided by the insurance policies. Insurance agents work for insurance companies and sell insurance products to customers. Insurance underwriters evaluate the risks involved in insuring a potential client and determine the premium to be charged. While mergers and acquisitions do happen in these areas of the insurance industry, they are less frequent than with insurance brokers.

Consolidation in the Insurance Industry Is a Continuing Trend