Who acts as the link between clients purchasing coverage and insurers providing coverage?

In the context of insurance, intermediaries play a crucial role as the connecting entity between clients seeking coverage and insurers offering that coverage. They facilitate the communication and transaction process, helping clients understand their insurance needs and find suitable policies that match those needs. Intermediaries can be independent entities that represent multiple insurers, providing clients with a range of options and expert advice tailored to their specific situations.

While brokers and agents also serve as intermediaries, the term "insurance intermediaries" more broadly encompasses all types of professionals who help clients navigate the insurance market. Insurance regulators primarily oversee industry practices and ensure compliance with laws but do not play a direct role in linking clients to coverage. Therefore, identifying insurance intermediaries as the correct answer acknowledges their comprehensive role in managing the relationship between clients and insurers.