Which term is a synonym for insurer?

The term "underwriter" is a synonym for "insurer" because both refer to entities involved in the insurance process, where they assess risk and determine the terms under which insurance coverage is provided. An underwriter evaluates applications for insurance and decides whether to accept them, thereby taking on the risk associated with the insured parties.

In contrast, an agent typically represents an insurance company and sells policies to consumers but is not the entity assuming the risk. A broker acts as an intermediary between clients and insurance companies, facilitating the purchase of insurance products but also does not directly underwrite the policies. The term "insured" refers to the individual or entity covered by an insurance policy, which is not a synonym for insurer. Understanding these roles clarifies why "underwriter" is the appropriate choice as a synonym for insurer.