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Insurance company financial definition of insurance company

insurance company. a financial institution which UNDERWRITES the risk of loss of, or damage to, personal and business assets (general INSURANCE) and life and limb (life and accident insurance). Some companies specialize in one or other of these areas, but others (referred to as ‘composites’) operate in both sectors.…

Insurance Definition

Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.…

What is Insurance Company? definition and meaning

insurance company. Definition. A company that offers insurance policies to the public, either by selling directly to an individual or through another source such as an employee's benefit plan. An insurance company is usually comprised of multiple insurance agents.…

Insurance Definition of Insurance by Merriam-Webster

Definition of insurance. 2 : a means of guaranteeing protection or safety The contract is your insurance against price changes. Frequent hand washing is good insurance against the common cold. Note: An insurance bet can be up to half of a player's original bet.…