insurers
Policy-issuing companies
Insurers are companies or entities that provide insurance—they accept premiums in exchange for assuming financial risk.
When you buy a policy, the insurer agrees to pay claims if covered events occur: Her insurers refused to cover the water damage.
The term appears frequently in discussions of healthcare, property, and liability: Insurers have raised premiums across the board.
Adopted courses of action
- premiumsPayments for insurance coverage
- claimsStatements of truth
- deductiblesPre-coverage personal payments
- benefitsGains or helpful effects
exclusions · riders · endorsements · reimbursement · copayments · payouts · settlements · indemnity
Those who assess risk
- actuariesInsurance probability specialists
- premiumsPayments for insurance coverage
- claimsStatements of truth
- policiesAdopted courses of action
brokers · agents · adjusters · solvency · profitability · portfolios · liabilities · dividends
Of risk calculation
- evaluationDetermining worth or quality
- criteriaStandards for judgment
- selectionChosen item or items
- policyholdersThose owning insurance contracts
ratemaking · exposure · pricing · losses · reserves · quotations · applicants · morbidity
policies
Adopted courses of action
- premiumsPayments for insurance coverage
- claimsStatements of truth
- deductiblesPre-coverage personal payments
benefits · exclusions · riders · endorsements · reimbursement · copayments · payouts · settlements · indemnity · liability
underwriters
Those who assess risk
- actuariesInsurance probability specialists
- premiumsPayments for insurance coverage
- claimsStatements of truth
policies · brokers · agents · adjusters · solvency · profitability · portfolios · liabilities · dividends · investments
actuarial
Of risk calculation
- evaluationDetermining worth or quality
- criteriaStandards for judgment
- selectionChosen item or items
policyholders · ratemaking · exposure · pricing · losses · reserves · quotations · applicants · morbidity · eligibility
- service providersdoctors, nurses, phone company, hospitals, tax preparer
- auto insurancecollision coverage, liability coverage, comprehensive coverage, theft protection, premium
- insurancecoverage, underwriting, premium, claims, policyholder
- fire insurancefire risk, fire damage, fire protection, fire inspections, fire hazards
- responsible partiesfiduciaries, trustees, guardians, stewards, executors
- intermediariesmiddleman, middlemen, go-between, go-betweens, broker
insurersinsureds
Those holding coverage contracts
policyholders · claimants · beneficiaries · subscribers · uninsured
- health insurerOrganization providing medical coverage
- life insurersFirms covering death payouts
- FDIC insuredDeposits protected by government
- private insurersNon-state coverage companies
- auto insurersVehicle policy providers
- insured valueAmount policy will pay