insurers
Pronunciation: [ɪnˈʃʊrərz]
Word
Context: “finance”
(noun) companies or people that provide insurance. They help protect you from losing money when something bad happens, like if you have an accident or your house gets damaged.
Example
The insurers helped pay for the repairs after the storm damaged my roof.
Example
Not all insurers will cover your house if you live in a flood zone.
Example
Which insurers offer the best health insurance plans?
Context: “contracts”
(noun) the parties involved in an insurance agreement. If you buy insurance, you're entering a relationship with an insurer who promises to help you financially if something goes wrong.
Example
The insurers are responsible for managing the policyholders' claims fairly.
Example
If the insurers refuse to pay, it can create a lot of frustration for the people involved.
Example
How do insurers determine which claims to accept?
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