What Is An Insurer?

An insurer is a company that promises to compensate insured's financial loss in return of the premiums. Or it is company that sells insurance.

Difference between an insurer and an insured

An insurer is an entity or a company that compensates the financial loss of an insured. While an insured is a person or entity that is covered by the insurance policy.

Difference between an insurer and a blocker

Insurer is a company that underwrites the insurance policy and is responsible to pay an insured when experiences loss. But a blocker is a company or firm that sells the insurance policy on behalf of an insurance company.

Reinsurer

Reinsurer is a company that insures the insurance companies.

Reinsurer helps insurers to secure themselves from huge risk claims that may exceed the capability of the company.