The local agent represents a carrier in a given city or town. He will ordinarily represent more than one carrier: he may represent both stock and mutual companies. The commission received by the local agent naturally is less than that paid to general or regional agents. The local agent performs little technical insurance service.
These [...]
As per our recently released research report “Saudi Arabia Insurance Market to 2012”, the Saudi Arabian insurance market has emerged as one of the fastest growing insurance industries across the world. While the global economic slowdown has severely hit other industrial sectors, the insurance industry has maintained its growth pace and is expected to grow [...]
You would not believe it, but boat insurance is probably the oldest type of insurance either. According to the law of marine insurance, ship is also responsible for ensuring that any other type of vehicle. Boat insurance such as motor insurance with a deductible with the exception of coming on a ship, is often a [...]
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