1, one is the supplier of insurance products, the so-called insurer;
2. The other is the insurance intermediary, which plays an auxiliary role in promoting insurance transactions. An insurer refers to an insurance company that enters into an insurance contract with the applicant and undertakes the responsibility of compensation or payment of insurance benefits. Insurance companies can take a variety of organizational forms, the most common is the corporate system. Insurers are generally legal persons, but there are also cases where natural persons act as insurers. There are many forms of insurance intermediaries, including insurance agents, insurance brokers and insurance assessors. Its activities are also extensive, including acting as a trading medium between insurers and policyholders and helping to establish insurance contract relations; It also includes handling insurance accident identification, loss assessment and claim settlement entrusted by the parties to the insurance contract as a third party independent of the insurer and the applicant.
Legal basis:
Article 6 of People's Republic of China (PRC) Insurance Law
Insurance business is operated by insurance companies established in accordance with this Law and other insurance organizations as stipulated by laws and administrative regulations. No other unit or individual may engage in insurance business.
Article 7
If legal persons and other organizations in People's Republic of China (PRC) need to apply for domestic insurance, they should apply for insurance with insurance companies in People's Republic of China (PRC).