The Broker

"The activity of insurance and reinsurance intermediation consists in presenting or proposing insurance and reinsurance products or in giving assistance and advice finalized to such activity and, if provided by the intermediation appointment/mandate, in concluding contracts or in collaborating in the management or fulfilment of stipulated/underwritten contracts, particularly in the case of losses."

The Broker

"intermediaries or brokers": the intermediaries who act on behalf of their client without the power to represent insurance or reinsurance companies.

To become Broker they must have:

Respectability/honourableness

  • a) they must enjoy full rights as a citizen
  • b) they must not have been convicted by final judgement or final judgement enforcing the penalty specified in article 444 (2) of the code of criminal procedure

Professional quality

The intermediary must have adequate knowledge and professional skills, acquired through field experience or having passed an admission test (qualifying examination)

Independence

Complete autonomy in the choice of the insurers

Transparency

Complete clearness in the relationship with the client

Freedom

Singling out of the best offers on the market

Guarantees

Must a professional indemnity insurance (policy covering) for the activity pursued in force of the enrolment in the Register, and must become member of the Guarantee Fund

Respect of the deontology code.