InsuranceTerm insurance Principal Declaration Hull insurance Death Benefit Excess of loss reinsurance
Direct response
Insurance distribution refers to the process of providing insurance to customers without the involvement of intermediaries. This can be done through direct mail, telephone, television, or other methods. By eliminating intermediaries, this system aims to streamline the process and make it more efficient for both the insurer and the customer. It also allows for more direct communication between the two parties. This method has gained popularity in recent years due to its convenience and cost-effectiveness.
Related terms
Understand the meaning and definition of Term insurance in the context of stock market, trading, and investments.
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