An insurance broker, in the widest sense, is a risk management consultant, which represents and acts for the insured with powers given by the insured.

Today aspects of economic losses that could be faced in the event of occurrence of growing industrial and commercial risks show the importance of both insurance coverage and the insurer selection.

The insured, on the selection stage, has to evaluate not only the reliability of the insurer but also its financial structure, its experience on the related line of business and its service quality as well as the insurance coverage.

Working with a well experienced insurance broker plays a significant role in risk analysis during the insurance period, selection of the coverage to be purchased for the potential hazards, and procurement of perfect services at the date of loss.