Wholesale Broker Insurance Definition & Meaning | Insurance Term | CSIMarket
CSI Market
Sign In | Register

Glossary

Wholesale Broker Insurance

Insurance Term

Wholesale broker insurance is a type of insurance intermediary that serves as a middleman between insurance companies and retail agents or brokers. Wholesale brokers specialize in providing access to specialized insurance products and pricing that may not be available through a retail agent. They work on behalf of the retail agent or broker to find the best insurance coverage and pricing for their clients. Wholesale brokers also leverage their relationships with multiple insurance carriers to negotiate better pricing and terms for their clients.

Wholesale broker insurance is commonly used in the insurance industry to help retail agents and brokers provide their clients with access to a wider range of insurance options at competitive pricing. Wholesale brokers typically work with licensed retail agents and brokers to place coverage for commercial risks, such as property, liability, and workers* compensation insurance. They also help retail agents and brokers evaluate and understand complex insurance policies and requirements.

Wholesale brokers play an essential role in the insurance industry, helping to make insurance coverage more accessible and affordable for businesses of all sizes. They are experts in their field and understand the nuances of insurance policies and underwriting. They provide valuable services to retail agents and brokers and help their clients find the coverage they need to protect their businesses and minimize their risk.




More Glossary Terms Beginning with W
  • WACC Weighted Average Cost of Capital
    Weighted Average Cost of Capital. A calculation of a companys cost of capital in which each category of capital is proportionally weighted.
    Financial Term Letter: W
  • Wafer
    A disk made of a semiconducting material, such as silicon, usually either 100, 125, 150, 200 or 300 millimeters in diameter, used to form the substrate of a chip. A finished wafer may contain several thousand chips. Semiconductors Industry
    Manufacturing Term Letter: W
  • Wage and salary accruals and disbursements
    The monetary remuneration of employees, including the compensation of corporate officers; commissions, tips, and bonuses; voluntary employee contributions to certain deferred compensation plans, such as 401(k) plans; and receipts in kind that represent income. Accruals and disbursements differ in the treatment of retroactive payments. In the national income and product accounts (NIPAs), wage and s
    Economy Term Letter: W
  • WBC
    an abbreviation for white blood cell count. The white blood cells are analyzed from a blood sample collected as part of a standard protocol for patients suspected of having appendicitis who have entered the Emergency Department of a hospital.
    Health Care Term Letter: W
  • Western Blot Analysis
    A technique used to identify and locate proteins based on their ability to bind to specific antibodies.
    Health Care Term Letter: W
  • Wet Deficiency Fee
    That fee, as set forth in the Transactions Terms Letter, payable by Seller for each calendar day that Seller fails to deliver to Buyer or its Custodian the Mortgage Loan Documents relating to any Wet Mortgage Loan purchased by Buyer following expiration of the Wet Mortgage Loans Maximum Dwell Time.
    Financial Term Letter: W
  • Wet gas
    Unprocessed natural gas that contains a mixture of heavier hydrocarbons including ethane, propane, butane and natural gasoline.
    Energy Term Letter: W
  • Wet Mortgage Loan
    A Mortgage Loan as to which Buyer purchases from Seller by delivering funds to the applicable Closing Agent prior to receipt by Buyer or its Custodian of the related Mortgage Loan Documents, subject to Seller?s obligation to deliver the related Mortgage Loan Documents within the Wet Mortgage Loans Maximum Dwell Time.
    Financial Term Letter: W
  • Wet Mortgage Loans Maximum Dwell Time
    That period of time, by which Seller must deliver to Buyer or its designee the Mortgage Loan Documents for a Wet Mortgage Loan.
    Financial Term Letter: W
  • Wet Mortgage Loans Sublimit
    The maximum aggregate principal amount of Purchased Mortgage Loans that may be Wet Mortgage Loans at any time, as set forth in the Transactions Terms Letter.
    Financial Term Letter: W
  • What is Deflation
    What is Deflation? Deflation is constant decline in general level of prices, usually attributed to contraction of available money and credit. When the volume of money declines but quantity of products and services remain unchanged or decline on the lower level, results are higher lower prices (Deflation). Deflation is measured with CPI on the retail level and with PPI on the Wholesale level The Co
    Economy Term Letter: W
  • What is GDP
    What is the Gross Domestic Product (GDP) Gross Domestic Product (GDP) is the market value of goods and services produced by labor and property within one country, regardless of nationality. Gross Domestic Product (GDP) is the standard measurement of the Economic Activity within one country. If the U.S. Economy has advanced by 2.8 percent in a year, it means the U.S. Gross Domestic Product (GDP) ha
    Economy Term Letter: W