An Insurance Broker is someone who represents an individual with his/her insurance transactions, unlike an insurance agent, who represents the insurance company. An Insurance Broker can provide an individual with a number of quotes from different insurance companies for comparative study, thereby ensuring that the prospective customer receives the best deal possible. It is mandatory for Insurance Brokers to possess a broker’s license which typically means the broker will have more education or experience than an agent. Brokers can deal in many different types of insurance, viz., health insurance, life insurance, travel insurance, business insurance home insurance, etc.