Last edited 12 Jan 2021


Insurer’ (sometimes called the insurance provider, insurance company or underwriter) refers to a company that provides various types of insurance policy to indemnify individuals, groups, organisations, government agencies and other bodies. Such insurance policies can provide cover – and may pay out – in cases of ill health, job loss, accidents, theft, property damage, professional liability and other instances where individuals and companies may face heavy losses if uninsured.

The insurance policy is a sort of contract stipulating the conditions under which the insurer promises to compensate the insured (those who have purchased a policy) against a stated loss or losses.

For more information see: Insurance.

The insurer is not the same as the insurance broker or agent. The latter advises those seeking to buy insurance, arranges cover and passes on the ‘premium’ (plus commission for their effort) to the insurer.

Recent times have seen many small, high street brokers put out of business, as insurance can now often be arranged directly with insurers over the internet.

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