Risk Management and Insurance
Agency systems are structures through which insurance companies distribute their products and services to consumers by employing agents or brokers. These systems create a vital link between insurers and policyholders, ensuring that customers receive personalized advice and assistance throughout the insurance purchasing process. The effectiveness of agency systems is crucial for understanding how insurance products reach the market and how agents manage relationships with clients.
congrats on reading the definition of Agency Systems. now let's actually learn it.