If you are looking for a business model that is sustainable, growth-oriented, and long-lasting, insurance brokering could be your best bet. As the demand for diverse insurance products continues to rise, insurers are increasingly looking for viable brokering partners to push sales and services to newer heights. From finding potential clients to assisting policy seekers with decision-making, an insurance broker is a jack of all trades, providing assistance that bridges the gap between insurers and policy seekers. IRDAI comprehensively governs this business model via dedicated legislation helming different aspects, including registration, corporate governance, annual filing, reporting, operation, audit, capital management, etc.
Opening an insurance brokerage business is a matter of abiding by a host of compliances and establishment rules. Meeting these norms is paramount to transforming your business idea into reality. If you are not a compliance wizard, you can team up with a reliable partner viz. Adviso specializes in IRDAI compliances and insurance business.