Which term refers to the company that provides the insurance coverage?

The term that refers to the company that provides the insurance coverage is the insurer. This entity is responsible for underwriting the insurance policies, determining the terms of coverage, and paying out claims when policyholders experience loss or damage covered by their insurance. The insurer is the primary party in an insurance contract that assumes the risk and provides financial protection to the policyholders.

In contrast to the insurer, a broker acts as an intermediary between the policyholder and the insurer, working to find the best policy for clients but not actually providing the insurance itself. A policyholder is the individual or entity that purchases the insurance and holds the policy. An underwriter, while related to the insurance process, specifically assesses the risk associated with insuring a client and helps determine the terms and pricing of the insurance coverage. Therefore, the role of the insurer is clearly defined as the party that directly issues insurance policies and provides coverage.