Insurance agent
Insurance agent or insurance agent is a profession that is carried out for an insurer on his own account . Employed by the insurance company is the insurance broker , who must be officially appointed and approved, see Section 59 (1) VVG .
For the situation in Austria see insurance agent (Austria) .
Commission amounts
The commission amounts vary extremely depending on the relationship you have with the insurer and the turnover you generate. Company-bound exclusive representatives receive approx. 60% of the remuneration of an independent broker, in structured sales they start at approx. 10%. The Life Insurance Reform Act , which came into force on August 6, 2014, has reduced the Zillmer-compatible acquisition commission in life insurance from 40 to 25 per thousand.
Usual commission amounts are:
- Private health insurance : 5–9 monthly premiums + up to 2% of the annual premium as maintenance commission
- Life insurance : up to 25 per thousand based on the sum insured + up to 2% of the annual premium as a maintenance commission
- Property insurance : up to 80% of the first-year premium for 5-year contracts, 9–15% of the subsequent premium in subsequent years.
- Motor vehicle insurance : 3–12% of the premium , both as a closing commission and a maintenance commission
Individual evidence
- ↑ Duden - insurance agent - spelling, meaning, definition. In: duden.de. Accessed January 31, 2019 .
- ^ [1] Versicherungsbote, December 11, 2014.