Question

What is the ultimate goal for brokers in the New Market?

a.

Maximizing the profits of insurance companies

b.

Minimizing the risks faced by clients

c.

Facilitating capital market investments

d.

Expanding the range of insurance products

Answer: (b).Minimizing the risks faced by clients Explanation:The ultimate goal for brokers in the New Market is to help clients reduce the volatility of their income statement and add to the safety of their balance sheet by effectively managing and minimizing risks. Their role is to provide clients with the necessary expertise, consulting services, and risk transfer mechanisms to address a full range of risk management scenarios.

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Q. What is the ultimate goal for brokers in the New Market?

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