An insurer is a company or entity that provides insurance coverage to individuals, businesses, or other entities in exchange for the payment of premiums. Insurers assess risks and offer financial protection against potential losses or damages arising from specified perils, such as accidents, illnesses, property damage, or liability claims.

Insurers are entities that issue insurance policies to individuals or organizations, providing financial protection against specified risks in exchange for premiums. When issuing a policy, insurers assess the risk profile of the insured party and determine coverage terms and premiums accordingly. These policies outline the terms and conditions of the insurance agreement, including coverage limits, exclusions, and claim procedures, ensuring clarity and mutual understanding between the insurer and the insured.