Insurer
ɪnˈʃʊərər
Definitions
A person or company that provides insurance, promising to pay for financial losses in exchange for premiums.
ɪnˈʃʊərər
A person or company that provides insurance.
The insurer agreed to cover the damages.
💡 Simply: An insurer is like a protector for your stuff (or your health!). You pay them a little bit of money regularly, and if something bad happens, they help pay to fix it or replace it.
👶 For kids: An insurer is like a superhero for money! They help pay if something bad happens, like if your bike gets broken.
More Examples
The insurer specializes in health insurance.
Before you select the insurer, compare plans.
How It's Used
"The insurer reviewed the claims carefully."
"Consumers can choose their insurer."
From "insure" + "-er". "Insure" derives from the Old French "asseurer" (to assure). The suffix "-er" denotes an agent.
The term 'insurer' has been in common usage since the early 18th century, alongside the rise of modern insurance practices.
Memory tip
Think of the 'insurer' as the one who makes sure things are protected (insured) by taking on the risk.
Word Origin
"to assure"