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.
insurer
Both „Versicherer“ and „Versicherungsunternehmen“ can refer to the provider of insurance. „Versicherer“ emphasizes the role in relation to the insured person and can also refer to an individual, while „Versicherungsunternehmen“ explicitly means the company. Use the first word for the contractual role and the second for the company as an organization.
Das Versicherungsunternehmen eröffnet in unserer Stadt eine neue Filiale.
The insurance company is opening a new branch in our city.
Im Schadensfall prüft der Versicherer den Antrag und zahlt die vereinbarte Leistung.
In the event of a claim, the insurer reviews the application and pays the agreed benefit.
