DEFINITION of 'Council Of Insurance Agents & Brokers'
A global organization representing the leading commercial insurance agencies and brokerage firms. Membership in this organization, which is also known as "the Council", comes with industry intelligence and continuing education opportunities. The Council of Insurance Agents and Brokers also produces a quarterly Commercial Insurance Market Index that tracks pricing trends, underwriting practices and availability of commercial property/casualty lines.
BREAKING DOWN 'Council Of Insurance Agents & Brokers'
The organization, founded in 1913 and headquartered in Washington, DC, also serves as an advocacy group to represent the interests of insurance companies before U.S. state and federal governments, as well as international governments. Its political action committee works to support candidates who agree with its views and also lobbies Congress on relevant issues.