What are the main duties of insurance intermediaries?

The main duties of insurance intermediaries revolve around assisting clients in understanding their insurance needs and helping them find suitable insurance products. This involves identifying the specific requirements of clients, finding appropriate insurance solutions to match those needs, and facilitating the contractual agreements between the insurer and the insured. Intermediaries play a crucial role in navigating the insurance landscape, ensuring that clients are well-informed about the options available to them.

While some other options touch on certain aspects of what intermediaries might do, they do not encapsulate the broad and essential responsibilities that intermediaries hold in the insurance process. Approving claims and issuing policies typically fall within the responsibilities of the insurance companies rather than intermediaries. Selling insurance at the lowest prices may suggest a focus on cost rather than on providing tailored solutions that meet individual needs. Lastly, simply marketing insurance companies does not reflect the comprehensive duty of understanding client requirements and facilitating effective contracts, which is the core function of intermediaries in the insurance sector.