Who are considered main participants in the insurance market?

The main participants in the insurance market include insurers, brokers, agents, and policyholders because each of these roles plays a fundamental part in the functioning of the insurance system.

Insurers are the companies providing insurance coverage, taking on the risk in exchange for premiums. Brokers and agents act as intermediaries between policyholders and insurers; brokers work on behalf of clients to find the best coverage options, while agents represent specific insurance companies and facilitate the purchase of policies. Policyholders are individuals or entities that purchase insurance to protect against specific risks.

This combination creates a dynamic environment where policies are developed, distributed, and utilized, thereby forming the foundational structure of the insurance market. Other options mention participants who may play a role in specific contexts but do not represent the primary categories within the broader insurance marketplace.