What does insurer mean?

Definitions for insurer
ɪnˈʃʊər ər, -ˈʃɜr-in·sur·er

This dictionary definitions page includes all the possible meanings, example usage and translations of the word insurer.

Princeton's WordNet

  1. insurance company, insurance firm, insurer, insurance underwriter, underwriternoun

    a financial institution that sells insurance

Wiktionary

  1. insurernoun

    One who insures.

    After the accident I contacted the insurer who paid for the repairs.

Wikipedia

  1. insurer

    Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured, or their designated beneficiary or assignee. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. A mandatory out-of-pocket expense required by an insurance policy before an insurer will pay a claim is called a deductible (or if required by a health insurance policy, a copayment). The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risks, especially if the primary insurer deems the risk too large for it to carry.

ChatGPT

  1. insurer

    An insurer, also known as an insurance carrier or underwriter, is a company or entity that provides insurance coverage to individuals or entities (known as policyholders) in return for the payment of premiums. The insurer pledges to provide financial protection, compensation, or cover the losses for the specified risks outlined in the insurance policy. These risks could be related to health, life, property, vehicles, business, among others. The insurer is responsible for assessing the risk, determining the premium rate, and settling claims as per the terms of the policy contract.

Webster Dictionary

  1. Insurernoun

    one who, or that which, insures; the person or company that contracts to indemnify losses for a premium; an underwriter

Dictionary of Nautical Terms

  1. insurer

    The party taking the risk of a policy. (See UNDERWRITERS.)

How to pronounce insurer?

How to say insurer in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of insurer in Chaldean Numerology is: 6

  2. Pythagorean Numerology

    The numerical value of insurer in Pythagorean Numerology is: 5

Examples of insurer in a Sentence

  1. Prime Minister Tihomir Oreskovic:

    Among those we are planning to offer now are electrical concern Koncar, hotelier Suncani Hvar and insurer Croatia Osiguranje.

  2. Insurance Julie McPeak:

    Currently we have five states [Alabama, Alaska, South Carolina, Wyoming and Oklahoma] that have only one insurer statewide on the exchange market, another nine states, including Tennessee, have a majority of their counties that have only one insurer that is writing on the exchange market.

  3. Insurance Julie McPeak:

    Another nine states, including Tennessee, have a majority of their counties that have only one insurer that is writing on the exchange market.

  4. Neil Roberts:

    The Arctic is at the frontier of risk, an insurer’s role is to support commerce.

  5. State Farm:

    Our customers choose where their vehicles are going to be repaired. We provide information about our Select Service program while at the same time making it clear they can select which shop will do the work. state Farm is just not in the economic interest of the insurer to have a car go in and out of an auto body shop three or four times to get State Farm right.

Popularity rank by frequency of use

insurer#10000#13258#100000

Translations for insurer

From our Multilingual Translation Dictionary

Get even more translations for insurer »

Translation

Find a translation for the insurer definition in other languages:

Select another language:

  • - Select -
  • 简体中文 (Chinese - Simplified)
  • 繁體中文 (Chinese - Traditional)
  • Español (Spanish)
  • Esperanto (Esperanto)
  • 日本語 (Japanese)
  • Português (Portuguese)
  • Deutsch (German)
  • العربية (Arabic)
  • Français (French)
  • Русский (Russian)
  • ಕನ್ನಡ (Kannada)
  • 한국어 (Korean)
  • עברית (Hebrew)
  • Gaeilge (Irish)
  • Українська (Ukrainian)
  • اردو (Urdu)
  • Magyar (Hungarian)
  • मानक हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • Italiano (Italian)
  • தமிழ் (Tamil)
  • Türkçe (Turkish)
  • తెలుగు (Telugu)
  • ภาษาไทย (Thai)
  • Tiếng Việt (Vietnamese)
  • Čeština (Czech)
  • Polski (Polish)
  • Bahasa Indonesia (Indonesian)
  • Românește (Romanian)
  • Nederlands (Dutch)
  • Ελληνικά (Greek)
  • Latinum (Latin)
  • Svenska (Swedish)
  • Dansk (Danish)
  • Suomi (Finnish)
  • فارسی (Persian)
  • ייִדיש (Yiddish)
  • հայերեն (Armenian)
  • Norsk (Norwegian)
  • English (English)

Word of the Day

Would you like us to send you a FREE new word definition delivered to your inbox daily?

Please enter your email address:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"insurer." Definitions.net. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.definitions.net/definition/insurer>.

Discuss these insurer definitions with the community:

0 Comments

    Are we missing a good definition for insurer? Don't keep it to yourself...

    Image or illustration of

    insurer

    Credit »

    Free, no signup required:

    Add to Chrome

    Get instant definitions for any word that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant definitions for any word that hits you anywhere on the web!

    Browse Definitions.net

    Quiz

    Are you a words master?

    »
    emerged from an egg
    A plush
    B squashy
    C frantic
    D hatched

    Nearby & related entries:

    Alternative searches for insurer: