What is the function of an "insurance aggregator"?

The function of an "insurance aggregator" centers on the ability to compare various insurance options and quotes for consumers. This role is crucial because it helps individuals and businesses to make informed decisions by allowing them to evaluate different policies side by side. Aggregators gather data from multiple insurance providers, presenting it in a user-friendly format, thus enabling consumers to easily identify the coverage that best meets their needs and budget.

This service is particularly valuable in a market that can be overwhelming due to the wide array of available products and the complexities of different policies. By using an aggregator, consumers can save time and ensure they are receiving competitive rates.

Other functions outlined in the choices do not represent the primary role of an insurance aggregator. Consolidating claims focuses more on post-purchase processes rather than assisting in selecting insurance products. Providing discounts on bulk purchases can be a feature of some insurance products or services, but it doesn't define the aggregators specifically. Selling legally mandated insurance products is a function of insurers rather than aggregators, who aim to offer comparisons across a broader spectrum of options.