Which activity is part of an insurance broker's responsibilities?

Negotiating with insurers on behalf of clients is a core responsibility of an insurance broker. Brokers act as intermediaries between clients looking for insurance coverage and the insurance companies that provide these products. Their role involves understanding the specific needs and preferences of their clients and then advocating for them when discussing terms, premiums, and coverage options with insurers. This negotiation is essential for ensuring that clients receive the best possible coverage that meets their unique requirements.

The other options do not align with the specific responsibilities of an insurance broker. Regulating the insurance industry falls under the purview of government or regulatory bodies rather than brokers. Providing detailed financial audits is typically a function of accountants or financial advisors, not brokers. Performing market research independently is more aligned with the role of market analysts and may inform a broker's strategy, but it is not a direct responsibility as a broker acting on behalf of clients in securing insurance.