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insurance firm

insurance firm

3 3.0
A company that pays people money when something bad happens after they pay for protection
  • noun
  • /ɪnˈʃʊərəns fɜrm/
translation icon : compañía de seguros
  • Flush with cash, insurance firms sought market share with less concern for risk.
  • health insurance firm
  • private insurance firm
  • life insurance firm

Examples

  • It's illegal for insurance firms to raise premiums without proper justification.

    Blog text (33)
  • Cigna, a Philadelphia-based health care and insurance firm, now offers breastfeeding programs at more than 200 work sites nationwide.

  • We're a medical insurance firm.

  • 'Mr Brown is very busy at his insurance firm at the moment 'because he's got a new boss, an American.'

  • Three years later, his father transferred to the Chicago agency of his fire insurance firm and moved his family to nearby Evanston.

    Academic text (1990)
  • Look to see if your medical insurance firm has made any modifications to the plan before you re-register.

    Blog text (26)
  • Insurance firms are developing long-term-care insurance to provide a comprehensive benefit package at a reasonable cost.

    Academic text (1991)
  • In recent years, a growing number of commercial banks, finance companies, and insurance firms are entering microfinance as retailers or wholesalers in microfinance.

    Academic text (2005)
  • Martha Parry had it all figured out when she sold her small insurance firm in Massapequa.

Synonyms

insurance company
vsinsurance firm
320 2.8

A business that pays money to people for losses when they pay regular fees

is the same business expressed with a different common term
insurer
vsinsurance firm
116 3.5

A company or person who pays for damage to your things

refers specifically to a business organization rather than an individual

Surface Forms

Morphology

insurance + firm

The noun compound is fully compositional: 'insurance' (protection against loss) + 'firm' (company/organization) directly yields a company that sells insurance. This is a regular, cross-linguistically common combination and follows normal English compound formation, so a B1 learner who knows both words would readily understand the meaning.

Etymology

The compound insurance firm puts the idea into words: insurance is protection against loss and firm is a company. So, imagine a strong company that sells promises to 'help you when things go wrong' in return for a small payment, and that's why it means 'a business that provides insurance policies to customers'.