What is an insurance company?
The common fund set up to fund claims by collecting the premiums and investing the fund so it can grow; this is run by the insurance company. The insurance company issues you with your contract of insurance, and it is with them, their agent or an insurance broker that you would take out a policy or make a claim.
What is an insurance agent?
An insurance agent is an intermediary between you and the insurance company. He or she represents the insurance company in their dealings with you.
What is an insurance broker?
An insurance broker will try to match your needs for insurance with the best insurance company/ insurance policy to meet those needs. The insurance broker represents you, as the client, when dealing with insurance companies. They can advise you from an independent position in matters of insurance and some will also assist you in making claims, should they arise.