Insurer: meaning, definitions and examples
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insurer
[ ɪnˈʃʊərər ]
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
Word origin
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.