A crisis of banking sphere has provoked a crisis of nonbanking financial sector, including insurance.  Average consumer of insurance services and before crisis had difficulties in orientation in proposed insurances and big number of insurers who always appear and disappear (from 200 to 1000 insurance companies operated in Ukraine in different years).  At this moment a situation worsened: number of insurance companies comprises 470 names.  Decrease of profits, connected with sharp turning of credit programs, is crying to compensate not only by elaboration and introduction of new insurance products, but also at the expense of redistribution of insurance market, including not only very honest methods: dumping or very overstated price, complication of payment conditions that allow insurers to delay remuneration for long months or to refuse unfairly.

In such conditions, insurers are confused and sometimes refuse from insurance as a method of protection of their valuable interests, hoping on the off chance. Not setting the problem of making such people change their mind, the Corporation can propose the services of insurance mediator – insurance broker.

According to the norms of Ukrainian legislation and world insurance traditions (customs), insurance broker:

Acts in his name on behalf of the person who needs insurance;

Evaluates insurance risks, helps to determine for insurers minimal and maximal borders of necessary sufficiency of insurance protection;

Carries out permanent monitoring of insurance market, proposals and demand for insurance products, constantly changing situation;

Controls (if possible) changes of companies` policy irrespective from official rating showings;

Holds pre-agreement negotiations with insurance companies on behalf of client, concludes, supports and terminates insurance agreements, acting on the grounds of power of attorney of insurer;

In case of occurrence insured accident participates in settlement on the part of insured person.

As far as insurance broker receives remuneration for his work from insured person, his activity (as opposed to work of insurance agents) is not directed to obligatory conclusion of insurance agreement. In the cases when as a result of assessment of risk it will be revealed that risk is minimal or absent at all, an insurance broker can recommend his client to refrain from conclusion of insurance agreement and unnecessary costs.