What is the Definition of Direct Writers?

What is the Definition of Direct Writers?

Insurance companies that sell directly to the public using exclusive agents or their own employees, through the mail, by telephone or via the Internet. Large insurers, whether predominately direct writers or agency companies, are increasingly using many different channels to sell insurance. In reinsurance, denotes reinsurers that deal directly with the insurance companies they reinsure without using a broker.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Direct Writers?

What is the Definition of Direct Writers?

Check out other definition of insurance terms below:

Meaning of Yearly Renewable Term (Yrt) Insurance in Insurance Terms

One-year term life insurance that is renewable at the end of the policy term. Also known as annually renewable term (ART) insurance. (See Term life insurance)

What is the Meaning of A-SHARE VARIABLE ANNUITY In Insurance Terms?

A form of variable annuity contract where the contract holder pays sales charges up front rather than eventually having to pay a surrender charge.

What is the Meaning of ABSOLUTE ASSIGNMENT In Insurance Terms?

An irrevocable transfer of complete ownership of a life insurance policy or an annuity from one party to another. Contrast with Collateral assignment. (See Assignment)

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