Insurance brokers, agents and insurers established in Monaco. They advise individuals and businesses and place their contracts with insurance companies.
Insurance & Brokers in Monaco: what you need to know
Brokers, agents and insurers
Most of the companies in this category are brokers, which fall under code 6622Y Activities of insurance agents and brokers. The broker looks for suitable contracts for its client from several companies, then supports the client in the event of a claim. A general agent represents a given company. Some companies also work in reinsurance, that is, insurance for insurers themselves.
What is insured
Depending on their activity, brokers cover the needs of individuals, such as home, motor, health or personal protection, and those of businesses: liability, property, vehicles, risks specific to their trade. Some focus on a particular clientele or on specific risks. Each firm's listing sets out its specialities and its clients. To compare proposals, it helps to check the cover, exclusions, excesses and the amount of premiums.
Neighbouring categories
Life insurance used as an investment is also offered by Banks and by firms in Wealth management.
Frequently asked questions
What is the difference between a broker and a general agent?
The broker works for the client and compares offers from several companies. A general agent represents a single company whose contracts it distributes. Both advise their clients and support them in the event of a claim.
What is reinsurance?
It is insurance for insurance companies: a reinsurer takes on part of the risks they have guaranteed. Some brokers in the category place this type of contract on behalf of insurers.
Does a broker help in the event of a claim?
Yes, supporting clients in the event of a claim is generally part of the role: the broker helps put the file together, follows up the claim with the company and defends the client's interests.
