ENGLISH
REFERENCE

insurers

n. countable
B2 Upper Intermediate US //ˌɪnˈʃʊɹɝz// UK //ɪnʃˈɔːɹəz// in·sur·ers

n. companies or people that provide insurance. They promise to pay for costs if something bad happens, like an accident or a fire, in exchange for regular payments.

n. entities or individuals that provide insurance coverage by underwritten contracts. Refers to the party that assumes the risk of financial loss in exchange for a premium.


SIMPLE

Most insurers offer a discount if you have a clean driving record.

CONTEXTUAL

After the flood, local insurers received thousands of claims from homeowners seeking help with repair costs.

COMPLEX

Global insurers are increasingly adjusting their risk models to account for the rising frequency of extreme weather events, which directly impacts the premiums they charge to coastal property owners.

Synonyms
Usage

The plural form of 'insurer'; typically used in business and legal contexts to refer to the industry as a whole.

Pitfall

the insurances paid for the damagethe insurers paid for the damageLearners often use the abstract noun 'insurance' to refer to the companies themselves; 'insurers' is the correct term for the people or organizations.

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