What distinguishes an independent intermediary from other intermediaries?

The distinguishing feature of an independent intermediary is their ability to conduct insurance mediation without being bound by contractual ties to any specific insurance company. This allows them to offer a wider range of insurance products from multiple insurers, enabling them to better serve their clients' diverse needs. Unlike tied agents or brokers who represent only one insurer, independent intermediaries have the flexibility to evaluate various options in the market and provide unbiased recommendations. This independence fosters a more competitive environment and facilitates the best possible outcomes for clients seeking insurance solutions.

In contrast, being tied to one organization, focusing solely on corporate clients, or requiring a license from only one insurer limits the scope and flexibility of an intermediary's operations, which is not characteristic of independent intermediaries.