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What is an Insurer? - Definition from Insuranceopedia What Does Insurer Mean? An insurer is a party that agrees to compensate people, companies or other organizations for specific financial losses A financial loss would include the destruction of a home due to a fire or a vehicle to an accident — any event that would put the client in a lesser financial state than before the event occurred
What Is Insurance? - Investopedia An insurer will help you cover the costs of unexpected and routine medical bills or hospitalization, accident damage to your car or injury of others, and home damage or theft of your belongings
What is an insurer? - Kin Insurance The insurer is the party, usually a company, that develops insurance policies, sets rates, and underwrites the coverage The insured is the person who’s covered by and receives the benefits of the policy If the insured suffers a covered loss, then the insurer pays the claim
What Is Insurer - Whats Insurance? In the insurance world, an insurer is vital in providing financial protection to individuals, businesses, and organizations against potential risks Understanding what an insurer is is essential for anyone seeking insurance coverage or interested in the insurance industry
insurer | Wex | US Law | LII Legal Information Institute The insurer is the party in an insurance contract that promises to pay compensation The insurer is an entity , usually an insurance company , that underwrites the insured risk By contrast, the insured is a person or organization whose life, health or property is covered by an insurance policy