insurer
n. countable B2 Upper Intermediate US //ˌɪnˈʃʊɹɝ// UK //ɪnʃˈɔːɹɐ// in·sur·er
n. a company that pays for damage or loss when you have an insurance policy. You use this word when talking about the business that covers your car, home, or health.
n. an entity that underwrites risk and provides financial compensation for specified losses in exchange for premiums. Typically refers to insurance companies rather than individuals.
My insurer paid for the car repairs.
The insurer rejected the claim because the policy did not cover flood damage.
The insurer adjusted its premiums upward after analyzing the rising frequency of severe weather events across the region.