What Does Regional Office Mean?
A regional office is a unit of a company that is responsible for selling its products in an area that isn’t directly serviced by its main office or headquarters. It is typically headed by a branch manager.
Insuranceopedia Explains Regional Office
Insurance companies have regional offices with staff, agents, and brokers and is headed by a branch manager. An insurer may open up regional offices because its main office does not have enough personnel to engage in business activities in that particular location, or in order to better serve the regional customer base. Insurance companies that opt to do business in different countries may open up a regional office in order to retain its brand while providing a service that is suited to the region’s cultural needs.
The regional office is under the supervision of the main office, and must update it about its activities and progress through reports and other business communications.