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Insurer: meaning, definitions and examples

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insurer

 

[ ɪnˈʃʊərər ]

Noun
Context #1 | Noun

insurance industry

A person or company that provides insurance policies to individuals or organizations, in exchange for a fee. Insurers help protect against financial loss in the event of unexpected events, such as accidents, natural disasters, or health issues.

Synonyms

assurer, insurance company, underwriter

Examples of usage

  • Many people purchase insurance policies from insurers to safeguard their assets.
  • The insurer agreed to compensate the policyholder for the damages caused by the fire.

Translations

Translations of the word "insurer" in other languages:

🇵🇹 seguradora

🇮🇳 बीमाकर्ता (Beemakarta)

🇩🇪 Versicherer

🇮🇩 penanggung

🇺🇦 страховик

🇵🇱 ubezpieczyciel

🇯🇵 保険会社 (Hoken-gaisha)

🇫🇷 assureur

🇪🇸 aseguradora

🇹🇷 sigortacı

🇰🇷 보험사 (boheomsa)

🇸🇦 شركة التأمين (Sharikat al-ta'min)

🇨🇿 pojišťovna

🇸🇰 poisťovňa

🇨🇳 保险公司 (bǎoxiǎn gōngsī)

🇸🇮 zavarovalnica

🇮🇸 tryggingafélag

🇰🇿 сақтандырушы (saqtandyruşy)

🇬🇪 დაზღვევის კომპანია (dazghvevis kompania)

🇦🇿 sığorta şirkəti

🇲🇽 aseguradora

Etymology

The term 'insurer' originated from the word 'ensure,' which means to make certain that something will happen. In the context of insurance, an insurer provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment. The concept of insurance dates back centuries, with early forms of risk-sharing and compensation for loss found in ancient civilizations. Over time, the insurance industry has evolved to provide a wide range of coverage options for individuals and businesses, with insurers playing a crucial role in managing and mitigating risks.

See also: insurance.

Word Frequency Rank

At #6,267 in frequency, this word belongs to advanced vocabulary. It's less common than core vocabulary but important for sophisticated expression.