An insurance agent is a representative of an insurer and may be employed to sell insurance policies to clients. Insurance agents sell and negotiate life, health, property, or other types of insurance to match the needs of their clients.
They implement marketing strategies to promote new and current insurance policies, develop relationships with prospective clients through networking and referrals, evaluate the needs of their clients and propose plans that will meet the criteria, as well as the clients’ financial status and develop a protection plan by quoting rates for immediate coverage and long-term goals.
As an insurance agent, you may work for an insurance company, refer clients to independent brokers, or work as an independent broker.
In making a decision, the Authority will either; (i) grant a licence or approval; and (ii)inform the applicant of its reason for rejecting the application
An applicant or an Agent or a Principal Officer must satisfy the following conditions and requirements: Must have a written contract with the Insurer authorising the agent to transact specific classes of business
Examples of insurance agents in Kenya: