Insurers Definition

Verb used with object in sured in sur ing.

Insurers definition. A company that purchases reinsurance pays a premium to the reinsurance company who in exchange would pay a share of the claims incurred by the purchasing company. A person or company that contracts to indemnify another in the event of loss or damage. How to use insure in a sentence. The person who procures an insurance on his property.

To issue or procure an insurance policy on or for. A reinsurer is a company that provides financial protection to insurance companies. Insurance covered by insurance. There many types of insurance policies.

Insurance is a contract policy in which an insurer indemnifies another against losses from specific contingencies and or perils. The reinsurer may be either a specialist reinsurance company which only undertakes reinsurance business or another insurance company. To secure indemnity to or on in case of loss damage or death. Synonym discussion of insure.

Reinsurers handle risks that are too large for insurance companies to handle on their own and make it possible. In case of a very large risk several insurance companies may combine to issue one policy. Insure definition is to provide or obtain insurance on or for. Do you ensure or insure.

To guarantee against loss or harm. It is the duty of the insured to pay the premium and to represent fully and fairly all the circumstances relating to the subject matter of the insurance which may influence the determination of the underwriters in undertaking the risk or estimating the premium.