Analyze the Insurance Intermediaries Market, Brokerage, and Agents From the Perspective of An Insurance Regulators

Analyze the Insurance Intermediaries Market, Brokerage and Agents From the Perspective of An Insurance Regulators

Note: It's not an essay, it's a piece of professional work that needs to be delivered in a clear vision and recapitulate your ideas and thoughts as findings and recommendations in points followed by justifications if it's needed. It is a professional project for serious work. Please make sure all numbers are accurate.

The scope of this study is to analyze the insurance intermediaries market, brokerage, and agents from the perspective of insurance regulators and see if the market is willing to welcome new more entrants from brokers and agents or we should stop licensing to them? The study will be applied in a specific country that will be given later on, once you accept this challenge the information needed about this country will be attached in a file such as numbers of brokers and agents, GDP, (GWP), growth rate, market size, direct and indirect and etc... Any other information upon your request regarding the specific country.

Methodology:

1. Make a comparison with brokerage and agents of India's market + UAE market as well, in terms of numbers of brokers and agents, market size, (GWP), and etc...
2. Write your ideas and thoughts as findings and recommendations in the bottom of this study, either to continue issuing new licenses or stop welcoming new entrants. (The first option is highly recommended to be your decision).
3. Find a method in how to deal with inactive companies or with those who are struggling badly, like doing particular inspection visits, raising licenses standards for mitigation, withdrawing licenses.

Important websites for this study:

• India regulators: https://www.irdai.gov.in/Defaulthome.aspx?page=H1
• UAE regulators: http://www.ia.gov.ae/en/Pages/default.aspx

Note: it must be done in highly professional ways using colored charts, graphs, and excel sheets with numbers inside the study, which will explain the points clearly.