Meaning of the word "insurance company" in English

What does "insurance company" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

insurance company

US /ɪnˈʃʊr.əns ˌkʌm.pə.ni/
UK /ɪnˈʃʊr.əns ˌkʌm.pə.ni/
"insurance company" picture

Noun

1.

a company that provides insurance policies in return for regular payments

Example:
I need to call my insurance company to update my policy.
The insurance company denied his claim.
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