insurer


Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia, Wikipedia.
Related to insurer: life insurance, reinsurer

Insurer

An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual.

An insurer is frequently an insurance company and is also known as an underwriter.

insurer

n. an insurance company which agrees to pay someone who pays them for insurance for losses suffered pursuant to the terms of an insurance policy. For this benefit the customer pays the company a fee, called a premium. (See: insurance)

insurer

noun assurer, compensator, guarantee, guarantor, indemnifier, indemnitor, insurance company, recompenser, remunerator, surety, underwriter
Associated concepts: absolute insurer, accident and health insurer, agent, broker, casualty insurer, liability insurer, life insurer
See also: guarantor, sponsor, surety

INSURER, contracts. One who has obliged himself to insure the safety of another's property, in consideration of a premium paid, or secured to be paid, to him. It is his duty to pay any loss which has arisen on the property insured. Vide Marsh. Ins. Index,.h. t.; Park. Ins. Index, h. t. Phill. Ins. h. t.; Wesk. Ins. h. t.; Pardess. Index, art. Assureur.

References in periodicals archive ?
However, these treaties do not typically grant such exemption merely because a foreign insurer is a resident of that foreign country.
It's almost inaccurate to stay the economy is the real problem when it's rising costs that are generating the greatest rate increases more than anything else,'' said Joseph Annotti, spokesman for industry trade group the National Association of Independent Insurers.
An insurer that, the time of its application, commences operations as an insurance company, has total statutory capital and surplus of at least $100 million and intends to engage in the property catastrophe or excess liability reinsurance business must register as a class 4 insurer.
Should Physicians Have a Voice in Insurer Settlements of Medical Malpractice Claims?
And it's not just the volume of data insurers demand that's got doctors and patients in a lather, but the questions themselves.
NEW YORK -- A satisfied insurance customer isn't necessarily a loyal one, according to the first World Insurance Report, a groundbreaking international study of over 10,000 insurance customers, insurers and distributors released by Capgemini, one of the world's foremost providers of Consulting, Technology and Outsourcing services and the European Financial Management & Marketing Association (EFMA) today.
The "common interest" doctrine is the key to whether an insurer is entitled to receive privileged communications between a policyholder and defense counsel.
However, one disadvantage associated with this election is that the foreign insurer will be subject to U.
Yeskey noted that insurers are demanding higher debt service coverage combined with lower loan-to-value ratios and borrowers are required to invest greater equity.
If an insurer ignores evidence, it acts unreasonably toward its insured and breaches the implied covenant of good faith and dealing.