What term describes a business entity that represents one or more insurers?

The term that describes a business entity that represents one or more insurers is "Agency." An agency serves as an intermediary between insurance companies and clients, usually facilitating the sale of insurance products on behalf of those insurers and managing relationships with policyholders.

In the context of insurance, an agency can encompass multiple agents who work for the agency and represent various insurers, enabling clients to access a range of products. Agencies typically have the authority to negotiate terms, bind coverage, and provide client services, thus functioning as a crucial conduit in the insurance distribution process.

While "Agent" refers to an individual who works on behalf of an insurer or an agency to sell insurance policies, and "Broker" refers to an independent professional who works to find the best insurance products from various insurers for their clients, these terms do not encompass the broader concept of a business entity representing multiple insurers. "Insurer" specifically refers to the company that provides and underwrites insurance policies, rather than an entity that acts on its behalf.