Why choose an insurance broker? 

On the Internet, you can find as much information as solutions for insurance. 

How do you find your way around?

How do you know what information is relevant and what is not?

How do you choose the contracts you need in a field that is foreign to you?

How can you be sure that the cover you have selected is appropriate for your business if you often work internationally or in a particular or regulated sector? 

Using an insurance broker saves you from having to answer all these questions alone. 

. The broker is an insurance professional. He acts as an intermediary between an insured and an insurance company. The broker belongs to the legal category of Insurance Intermediaries (IAS) which is part of the profession of financial intermediaries. The broker's activity is regulated by the Ministry of the Economy, Finance and Industry.

Like other financial intermediaries, brokers must be registered with the Registre unique des Intermédiaires, managed by the ORIAS. The latter is the guarantor of his status as an insurance intermediary. Registration must be renewed every year by the broker.

Since January 2006, the broker profession has been represented by the Chambre Syndicale des Courtiers d'Assurance (CSCA).

. The role of the broker is to negotiate with insurance companies for the solutions that best meet the needs of his clients, the insured. The broker is thus mandated by his clients to negotiate the best possible contracts with insurance companies.

Unlike an insurance agent, who represents a single insurer, is subject to the commercial objectives of an insurance company and is its representative, the broker acts in the name and on behalf of his policyholders with insurers.

The broker is the representative of his clients. He acts independently, which enables him to provide his policyholders with more objective advice.

The broker does not sell insurance policies directly, but helps you to find the one that best suits your needs. The broker must select the coverages, explain them and advise you in order to propose the insurance contract that best suits your situation and needs.

. The main advantages of the insurance broker :

• Assistance: if you need help to find your way around the various offers, the broker has the knowledge to explain the guarantees and exclusions and to help you find the right contract for you.
• Savings: by comparing several offers, the insurance broker will offer you the most advantageous contracts.
• Saving time: if you do not have the time to compare several contracts yourself and to look for the most suitable offer, the broker will take care of it. Even if he questions many insurers, he will only propose the most interesting contracts and you will only have to make your choice.
• Transparency: the broker must defend your interests. He will put forward the offers that he considers most suitable for your profile.

Do you need information, advice or do you lack the time to take the necessary steps? In all these situations, the broker is there to help you.

. What distinguishes a broker from another broker is: the expertise, the quality of the relationship between the broker and the insured, the availability, the support over time.

Depending on your needs or activities, it is important to use a specialist broker, one who knows your activities, your constraints and your expectations. This is why your broker may not be the same as your neighbour. Thanks to his expert knowledge of the market, your broker will be able to advise you and accompany you by proposing the most interesting contracts.

It is also the broker who will take care of the administrative set-up of the contract and negotiate the conditions.

During the life of the contract, the broker will assist you, manage the evolution of your contract and be at your side during the management of claims.

Finally, your broker can also offer you additional services such as auditing, training or risk management.

. How is the broker paid?

The broker receives a commission which is paid by the insurance company. This commission varies according to the business handled and the nature of the contract. With this commission, the broker must pay himself and cover his operating costs.

Billing or administration fees may also be charged. In principle, these charges should be clearly identified and highlighted at the time of contracting.

Transparency on the amount of commission and fees charged is a guarantee of trust in the relationship between the broker and the insured.

Making the complex simple and providing the best service by taking advantage of all the benefits that technology can offer; that's what MPH Insurance is all about!