Why Insurance Broker?

An insurance broker is a specialist in insurance and risk management. Brokers act on behalf of their clients and provide advice in the interests of their clients. ... Brokers can help arrange and place the cover with the chosen insurer and can often provide advice on how to make the most of your insurance budget.


Difference between an Insurance Agent and a broker


An Insurance agent is the one selling products of one life, one general or one health Insurance company .He is representing his company and himself.


But a broker is someone who can sells; solicits or negotiates insurance for compensation. A broker can offer you a host of Insurance products and services to consider. Insurance broker have a higher responsibility for helping the customer to choose the best product that fits his needs. A broker is someone working on the behalf of their clients



Why you need Insurance Broker?

An insurance broker concept was introduced by IRDAI through Insurance brokers regulation 2002 and amended in 2013.

An insurance broker is a specialist in insurance and risk

Broker acts on behalf of their clients and provide advice in the interests of their clients

A broker will help you identify your individual and or business risks to help you decide what to insure and how to manage those risks in other ways.

Insurance broker can give technical advice that can be very useful if you need to make a claim.

Brokers are aware of the terms and conditions, coverage and exclusions and costs of a wide range of competing insurance policies, so that they can help you find the most appropriate cover for your own circumstances.

Broker can help arrange and place the cover with the chosen insurer.

Brokers can often find you a good deal on Insurance and can negotiate on customer behalf.

Using the broker doesn’t cost more than going direct as they are paid the brokerage by the insurers.

A broker will assist you for raising a claim.



Write up on Gosree Insurance Broking Services Pvt Ltd

Gosree Insurance Broking Services has been registered with the Insurance Regulatory Development Authority of India (IRDAI) as an insurance broker and offer expert advice and support on all insurance related matter, allowing our clients to make informed decisions about their insurance requirements. We ensure that the assets of our clients are well protected against any untoward incidents and that too, at the most competitive rates.


Gosree Insurance Broking Services Pvt Ltd (GIBS) is the insurance intermediary venture of Gosree Finance Ltd (GFL), a leading non banking financial services company headquartered in Cochin, Kerala driven by leaders with demonstrated capabilities and credentials from the banking and financial services industry. GFL is a leading provider of financial credit to corporates and institutions in the small and medium enterprises segment.


The talent pool of GIBS comprises of experienced professionals from the life and non life insurance sectors with rich exposure to underwriting, risk management, market development, broking, placement and claims servicing.


With our vision of being a “One Stop Solutions Provider” for the insurance needs of all segments of the society, we partner with our clients in understanding their myriad challenges and develop an optimal and efficient risk management roadmap for them


GIBS’ geographical outreach has its footprints across Kerala providing risk solutions to organisations in areas pertaining to employee benefits, property, casualty, financial liabilities and marine insurance.


Our clientele includes major organisations including Holiday Inn - Kochi, ESAF Small Finance Bank, Confident Group, Artech Builders, Impex Home Appliances and Luker Electric Technologies.