CANADIAN INSURANCE TERM
Insurer
The insurance company that underwrites a policy and assumes covered risk in exchange for the premium, subject to the insurance contract.
Plain-language definition. A real policy, endorsement and provincial law can use more specific wording than a glossary summary.
TermInsurer
ContextCanadian insurance
Source typeIndustry glossary
Policy wordingControls claim
What does Insurer mean?
The insurance company that underwrites a policy and assumes covered risk in exchange for the premium, subject to the insurance contract.
An insurer is different from a broker or agent that may help arrange coverage. The insurer is the company responsible for the policy it issues.
Insurer in practice
A broker may help a business compare options, but the insurer named on the policy is the company underwriting the coverage.