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Meaning & use

insurers

noun·Advancedbusinessfinance

Last updated

UK/ɪnˈʃʊərəz/
US/ɪnˈʃʊrərz/

“insurers” is a form of “insurer”. See that entry for the full set of meanings.

Meanings

  1. nounplural

    Companies or organizations that provide insurance and pay money when a covered loss happens.

    Grammar: This is the plural of insurer; use it for more than one company.

    Patterns

    • insurers pay something
    • insurers refuse to cover something
    • a group of insurers

    Many insurers raised their prices after the storm.

    Insurers usually ask for proof of the damage before paying.

    Small insurers often struggle to compete with the largest companies.

  2. nounpluralfinance

    The people or firms that agree to take on a particular risk, especially in a financial contract.

    Grammar: Used in finance for the parties that accept risk, not only for insurance companies.

    Patterns

    • the insurers of a bond
    • insurers of a share issue

    The insurers of the bond agreed to buy any shares that were not sold.

    Bankers and insurers worked together on the deal.

Word forms

singularinsurer

Common combinations

health insurers
Health insurers must explain clearly what their policies cover.
insurers pay out
Insurers pay out only when the claim meets the policy conditions.
major insurers
Major insurers have offices in most large cities.
insurers and brokers
The conference brought together insurers and brokers from across the region.
private insurers
In some countries private insurers compete with the state system.

Synonyms and how they differ

insurance companies
A plainer everyday phrase; insurers sounds more formal and is common in news and business writing.
underwriters
Focuses on the risk-taking side of insurance rather than the company as a whole.

Word family

insurer noun
One company or organization that provides insurance.
insure verb
To arrange insurance for something or someone.
insurance noun
The service or agreement that protects against loss.
insured adjective
Covered by an insurance policy.

Commonly confused: insurers or assurers? insurers or ensurers?

insurers vs assurers

A rare word for insurers, mostly used in older British writing about life insurance.

insurers vs ensurers

From the verb ensure, meaning to make certain something happens; it has nothing to do with insurance.

Practice

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