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Insurance Agent's Roles and Responsibilities

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Insurance agents are interesting. We assume that an insurance agent is our agent. However, is that the case? An insurance agent represents insurance companies. Therefore, she would be an agent of those companies. Yet, they are also agents for their customers.This has the potential for great conflicts.

Does anyone have any thought regarding these potential conflicts?

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Solution Summary

Potential conflicts of insurance agents representing both the insurance companies and clients are determined.

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OK agents and agencies are a common and major topic (or variable, if you will) in game theory and economics/econometrics. Insurance agents aren't truly that complicated though, ...

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