Definition

A person or company that shares the financial risk of an insurance policy with another insurer.

Example

The coinsurer agreed to cover part of the claim alongside the primary insurer.

Conversation

Have you heard about getting a coinsurer for our trip insurance?

Yeah, it seems like a good way to share the risk, right?

Exactly! I think it could help us save on costs, too.

For sure! Let's look into some options together.

Synonyms & Antonyms

Root Explanation

Coinsurer → It is formed from "co-" (meaning together) and "insurer" (from the verb "insure", which comes from Latin "securare", meaning to make safe). The word "coinsurer" refers to a party that shares the responsibility of insurance with another party, thus working together in the insurance process.

Memory Tip

Think of 'together' ('co-') working with someone to 'make safe' ('insurer') — that's what a coinsurer does.

Visually Confused Words