Insurers are companies or organizations that provide financial protection against potential risks or losses. They offer various types of insurance policies, such as health insurance, auto insurance, and homeowners insurance, to help individuals and businesses manage unexpected events. By paying a premium, policyholders transfer the risk of financial loss to the insurer. When a covered event occurs, insurers assess the situation and may provide compensation or support according to the terms of the policy. This process helps individuals and businesses recover from losses, ensuring they can continue their daily activities without significant financial strain.