Assurer

{
  "id": "MLC-T-INS-000483",
  "term": "Assurer",
  "field": "Insurance and risk management",
  "definition": "The party, typically an insurance company, that provides the insurance coverage and undertakes the financial obligation to pay claims according to the terms of a policy. This entity evaluates risks, sets premiums, and issues contracts to policyholders. The assurer is legally bound to fulfill its commitments when a covered loss occurs, subject to the policy's conditions and exclusions.",
  "url": "https://mlchart.com/terminology/insurance/assurer/"
}