Who is the insurer in insurance policies?

Answer 1

The Insurer is the Insurance Company which provdes insurance coverage to the insured providing for payment of a sum of money to the person assured or, failing him, to the person entitled to receive the same on the happening of certain event. It is uncertainty that is risk which gives rise to the necessity for some form of proetection against the financial losse arising from death. Insurance substitutes this uncertainty by certainty.

Answer 2

The insured or the insured's legal guardians (such as parents) is the policy "owner".