In insurance, a Carrier refers to an insurance company that provides coverage and assumes the financial risk of loss or liability under an insurance policy. Carriers underwrite insurance policies, meaning they evaluate risks, determine premiums, and issue policies to policyholders. They are responsible for paying covered claims and providing the agreed-upon benefits in accordance with the terms and conditions of the insurance contract.

Insurance carriers may specialize in various types of insurance, such as property and casualty, life and health, or reinsurance. They play a critical role in the insurance industry by managing risk, ensuring financial stability, and offering protection against potential losses for individuals, businesses, and other entities.