Insurer (Noun)
Meaning
A financial institution that sells insurance.
Classification
Nouns denoting groupings of people or objects.
Examples
- The insurer will pay out a claim if the policyholder's house is damaged in a storm.
- As an insurer, the company's primary goal is to manage risk and provide financial protection to its customers.
- The policyholder was unhappy with the insurer's decision to deny her claim for damages.
- The insurer offers a range of policies, including life, health, and auto insurance.
- After reviewing the policy, the insurer determined that the damage was not covered under the terms of the contract.