What is the role of solicitors in the insurance industry?

In the insurance industry, solicitors play a crucial role by representing the agent and having the authority to solicit insurance on behalf of that agent. This means that solicitors can help facilitate the communication between potential clients and the insurance agents, effectively acting as an intermediary in this process. They are typically appointed by insurance agents and can assist in capturing new clients by offering their services to those seeking insurance solutions.

The role is specifically defined as one where the solicitor operates under the guidance and authority of the insurance agent, rather than functioning as an independent party, which distinguishes them from independent agents who work on their own. Solicitors are not generally involved in claims adjusting or providing only consulting services; instead, their primary responsibility is to foster client relationships and generate new insurance sales for the agents they represent. This collaborative dynamic is essential for the growth and functioning of the agency within the insurance market.