👉 In insurance, an "insurer" is a company that offers financial protection to its customers. This includes providing coverage for medical expenses, property damage, and other types of losses. Insurers typically have underwriters who work with brokers or agents to sell insurance policies to customers. These agents act as intermediaries between the customer and the insurer, helping them understand their options and negotiate the best price for their needs. In some cases, a company may also be an "insurer" in its own
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What is the definition of Insurant? 🙋
👉 In a legal context, an "insurer" refers to a business or individual who is responsible for paying out claims made by individuals or entities. This person typically has access to and control over the resources necessary to carry out their insurance policies. Insurers are often involved in providing financial protection against risks to individuals or businesses, such as accidents, theft, fires, and natural disasters.
