Updated September 28, 2026
What is Provider type?
In short
Whether a company underwrites the risk itself or works as an intermediary between you and an insurer.
Provider type says who actually carries the risk. An insurer underwrites the cover and pays the claim. A broker advises you, shops across the market and passes the policy to an insurer. A comparison site sits in front of them all and ranks offers for you. The difference matters when a claim goes wrong, because the party you deal with is not always the party that pays. 1Cover is an insurer, 123Seguro and 24ins.bg are brokers, and 10Life is a comparison site.
Sources
- 10life.com, checked September 26, 2026
- 123seguro.com.ar, checked September 26, 2026
- 24ins.bg, checked September 26, 2026
- 1cover.com.au, checked September 26, 2026