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