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
insurance company, insurance firm, insurer, insurance underwriter, underwriternoun
a financial institution that sells insurance
Wiktionary
insurernoun
One who insures.
After the accident I contacted the insurer who paid for the repairs.
Wikipedia
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
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
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
insurer
The party taking the risk of a policy. (See UNDERWRITERS.)
Numerology
Chaldean Numerology
The numerical value of insurer in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of insurer in Pythagorean Numerology is: 5
Examples of insurer in a Sentence
Prime Minister Tihomir Oreskovic:
Among those we are planning to offer now are electrical concern Koncar, hotelier Suncani Hvar and insurer Croatia Osiguranje.
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.
Another nine states, including Tennessee, have a majority of their counties that have only one insurer that is writing on the exchange market.
The Arctic is at the frontier of risk, an insurer’s role is to support commerce.
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.
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Translations for insurer
From our Multilingual Translation Dictionary
- Versicherer, VersicherungsgeberGerman
- बीमा कंपनीHindi
- מְבַטֵחַHebrew
- 保険会社Japanese
- осигурителMacedonian
- verzekeraarDutch
- seguradorPortuguese
- sigortacıTurkish
Get even more translations for insurer »
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"insurer." Definitions.net. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.definitions.net/definition/insurer>.
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