WHO ARE INSURANCE BROKERS?
Insurance Brokers are known as insurance intermediaries. They act as middlemen between several insurance companies and have access to several insurance providers. Unlike an insurance agent who represents just one insurance company, insurance brokers are independent. This allows them to provide their clients with the greatest coverage at the best price.
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WHY SHOULD YOU USE INSURANCE BROKERS?
Insurance brokers have access to a large number of policies because they work directly with a variety of insurance firms. Due to that, they may have access to products that most consumers do not. Some insurance policies can be difficult, and an insurance broker can help you understand the intricacies of a policy. The level of coverage you require to ensure you are adequately covered is also determined. A Service fee may be charged or they get compensated by the insurance company.
TOP INSURANCE BROKERS IN THE UK
There are a number of insurance brokers companies in the UK, but we have only selected the Top best for you:
2. Marsh McLennan
Aon is a multinational professional services organization that offers risk, retirement, and health solutions. It collaborates and assists clients to improve business choices and in meeting unsatisfied or unfulfilled demands as a result of today’s fast-changing, increasingly complicated, and interlinked difficulties.
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In 120 countries, they have employed 50,000 people and aim to give insights that minimize variability and improve performance by leveraging proprietary data and analytics. Aon is well-positioned to provide new solutions that solve unmet client needs and become the partner of choice for all organizations wishing to make better decisions.
4. Willis Towers Watson
Willis Towers Watson is one of the world’s leading advisory, broking, and solutions firms that helps clients across the world, convert risk into a route to development. As one of the top insurance brokers in the UK, they provide novel ideas and world-class assistance to their clients by collaborating across the business, region, and functional lines.
Willis Towers Watson was founded in 1828 and has 45,000 workers servicing over 140 countries and regions. They create and implement solutions that manage risk, optimize benefits, foster talent, and use capital to protect institutions and individuals.
5. Aston Lark
Aston Lark is one of the top five leading Accredited Insurance Brokers in the United Kingdom. It offers full insurance advice and risk management services across all commercial sectors, schemes, and specialisms. They have a highly specialized in-house team accessible when needed, as well as an award-winning private client branch that offers professional advice to individuals.
Over 100,000 clients trust their services across the UK. They have over 800 employees processing aggregate insurance premiums for a total of £256 million, and their Derby branch serves over 1,700 companies.
Markerstudy specializes in automobile insurance and related services. With significant expertise and experience, they are able to offer inexpensive insurance policies for both standard and non-standard automobile cover. Customers include young drivers, owners of high-performance/high-value cars, kit cars, and drivers with unique jobs or accident/conviction records.
They collaborate with over 1,000 UK brokers and intermediaries to deliver appealing policies that suit the demands of their clients.
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8. Global Risk Partners
GRP is one of the largest insurance intermediaries in the UK, serving around 500,000 personal and business clients. Since its inception in 2013, it has organically developed via the acquisition of brokers, MGAs, portfolios, and teams. Subsequently, their operational help in regulatory compliance, human resources, information technology, and finance have benefitted existing management teams.
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The Group’s performance reflects the quality of its client proposition and the appeal of its acquisition solutions.
PIB Insurance Brokers (PIB) is one of the top insurance brokers, which also offers risk management and employee benefit services. Hence, through its broking, underwriting, and network divisions, PIB Group has developed since its founding in 2015 into a highly diversified insurance distribution consolidator that focuses on specialized commercial lines and non-standard personal lines products.
PIB also meets the market’s need for a specialized, independent, client-centered, and service-focused insurance consultant. From start-ups to SMEs to major corporate risks, they provide insurance solutions for businesses of all types and levels.
Saga is a British firm that caters to the requirements of those over the age of 50. It has 2.7 million clients. The insurance business, including brokerage, constitutes the majority of the Saga Group’s revenue. They offer a variety of insurance products, including motor, home, travel, caravan, commercial van, pet, private medical, life insurance, and motorhome.
Additionally, they own and manage the cruise ships Spirit of Discovery and Spirit of Adventure, as well as Titan Travel and Destinology, a premium vacation firm.