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insurance company

insurance company

320 2.8
A business that pays money to people for losses when they pay regular fees
  • noun
  • /ɪnˈʃʊərəns ˈkʌmpəni/
translation icon : aseguradora
  • If you have questions about your claim, contact the insurance company directly for assistance.
  • insurance companies cover
  • insurance companies pay
  • clients and insurance companies

I just found an insurance company that will work with me.

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Examples

  • An argument then ensued over who would pay these losses: insurance companies or the state.

    Academic text (1991)
  • The Ministry and the insurance companies strongly encouraged GPs to adopt and use the system.

    Academic text (2011)
  • I just found an insurance company that will work with me.

  • I thought, oh, you see insurance companies like Capital Insurance as part of this.

  • I mean, we could sell it back to the insurance company.

  • Few big insurance companies ended up with all the money.

  • The insurance company requires them.

  • I knew he ran an insurance company and went in daily on its affairs.

    Fiction book (1995)
  • I'm working for this insurance company now.

  • He built a lot of businesses here, including a really successful life insurance company.

Synonyms

insurer
vsinsurance company
116 3.5

A company or person who pays for damage to your things

is the formal corporate provider that sells those policies to policyholders
underwriter
vsinsurance company
  • Specialized
5 7.5

A person or company that checks risk and sells insurance

is the corporate seller of policies rather than an individual assessor
insurance firm
vsinsurance company
3 3.0

A company that pays people money when something bad happens after they pay for protection

is a company term for the same business that sells policies
insurance underwriter
vsinsurance company
  • Specialized
1 6.6

A company that decides whether to accept risks and sells insurance to protect people or businesses

focuses more on selling policies and managing coverage than only risk assessment

How Big

insurance company
320 2.8

Surface Forms

Morphology

insurance + company

The meaning 'a company that sells insurance policies' is directly and transparently derived from combining 'insurance' (protection against loss) with 'company' (an organization that provides goods/services). This simple noun+noun composition is cross-linguistically common and follows straightforward compositional meaning, so a B1 learner who knows both words will understand the MWE.

Etymology

The compound insurance company comes from old times when people put small amounts of money together into a common fund to help someone who had a loss. Insurance was this promise of 'help' and company meant the group who looked after the money, so today an insurance company is a business people pay to get protection if something bad happens.