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Insurance Market Structure
Insurance Market Structure
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Insurance Market Structure
Insurance Market Structure
Insurance Market Structure
How insurers, brokers, public plans, and market backstops fit together.
Read more about Insurance Market Structure.
Insurance Market Structure
Broker of Record
Insurance Market Structure
Formally recognized broker authorized to represent the account with the insurer or market.
Read more about Broker of Record.
Insurance Market Structure
Delegated Authority
Insurance Market Structure
Authority an insurer grants another party to quote, bind, or administer business within set limits.
Read more about Delegated Authority.
Insurance Market Structure
Direct Writer
Insurance Market Structure
Insurer that sells coverage directly rather than mainly through an independent broker channel.
Read more about Direct Writer.
Insurance Market Structure
Facility Association
Insurance Market Structure
Industry backstop that helps place required auto coverage outside the voluntary market.
Read more about Facility Association.
Insurance Market Structure
Insurance Broker
Insurance Market Structure
Intermediary that helps clients place and service coverage across available insurers or markets.
Read more about Insurance Broker.
Insurance Market Structure
Managing General Agent
Insurance Market Structure
Intermediary that may place or administer insurance under authority delegated by insurers.
Read more about Managing General Agent.
Insurance Market Structure
Mutual Insurance Company
Insurance Market Structure
Insurer organized around policyholder membership rather than outside shareholder ownership.
Read more about Mutual Insurance Company.
Insurance Market Structure
Public Auto Insurance
Insurance Market Structure
Government-run or crown-based auto systems that change how coverage is delivered in some provinces.
Read more about Public Auto Insurance.
Insurance Market Structure
Residual Market
Insurance Market Structure
Backstop market for auto risks the voluntary market will not place.
Read more about Residual Market.
Insurance Market Structure
Risk-Sharing Pool
Insurance Market Structure
Pool structure that lets participating auto insurers share results on eligible hard-to-place risks.
Read more about Risk-Sharing Pool.
Insurance Market Structure
Stock Insurer
Insurance Market Structure
Insurer organized around shareholder ownership rather than policyholder membership.
Read more about Stock Insurer.