insurance company
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insurance company
A company whose business model is to offer insurance in exchange for the payment of premiums, providing financial benefits in the event of a claim.
Nach dem Wasserschaden meldete er den Vorfall sofort seinem Versicherungsunternehmen.
After the water damage, he reported the incident to his insurance company immediately.
This long word is made up of three parts: 'Versicherung' (insurance), the linking -s- '-s-', and 'Unternehmen' (company). So it literally means a company that offers insurance.
Er arbeitet bei einem großen internationalen Versicherungsunternehmen.
He works for a large international insurance company.
Typical actions connected with an insurance company are: 'einen Vertrag abschließen' (to sign a contract), 'einen Schaden melden' (to report damage/a claim), or 'eine Prämie zahlen' (to pay a premium).
Sie müssen den Schaden sofort Ihrem Versicherungsunternehmen melden.
You must report the damage to your insurance company immediately.
In everyday speech, instead of the long word 'Versicherungsunternehmen' (insurance company), people often just say 'die Versicherung' (the insurance/insurance company) when it is clear that the company is meant.
Ich muss morgen meine Versicherung anrufen.
I have to call my insurance company tomorrow.
insurance / assurance
'die Versicherung' and 'das Versicherungsunternehmen' can both mean the company you are insured with. But 'Versicherung' is ambiguous: it can mean the contract or the company. 'Versicherungsunternehmen' only means the company that offers such contracts. That is why 'Versicherung' often sounds more natural in everyday language, but is sometimes imprecise. If it should be clear that you mean the company and not the contract, 'Versicherungsunternehmen' is more precise. Learners may confuse the words because in everyday language people often say: 'Ich rufe die Versicherung an' (I’m calling the insurance company). What is meant then is the company.
Das Versicherungsunternehmen schickt dem Kunden die Unterlagen per Post.
The insurance company sends the customer the documents by post.
Nora ruft ihre Versicherung an, um eine neue Karte zu bekommen.
Nora calls her insurance company to get a new card.