👉 In the context of insurance, an "insurer" is a company that provides financial protection to its customers. They typically offer various types of insurance policies including life insurance, health insurance, property insurance, and more. An "insured" or "policyholder" is someone who receives benefits from the insurer under their policy. This can include receiving compensation for losses incurred due to an event covered by the insurance policy such as a fire, theft, or illness. The process of insuring involves negotiating
