MISP
A plain-English definition from the DeployIT insurance technology glossary.
In short: Motor Insurance Service Provider; an automobile dealer authorized to distribute motor insurance under IRDAI's MISP guidelines.
Related terms
- IRDAI
- Insurance Regulatory and Development Authority of India.
- Corporate Agent
- An IRDAI-registered entity (often a bank or NBFC) licensed to distribute insurance for up to nine insurers per line of business.
See this concept working in software
DeployIT puts quoting, issuance, renewals, claims and commissions on one platform built for Indian insurance distribution.