1. Two or more insurance companies that jointly share the risk and liability of insuring the same person or property under a single policy.
Usage: plural form of coinsurer; used in insurance and finance contexts

Examples

• The building was insured by three coinsurers who each covered a portion of the total risk.
• When the claim was filed, the coinsurers negotiated to determine their individual liability shares.
• The policy listed multiple coinsurers to distribute the financial burden of potential losses.
• Coinsurers often work together to assess high-value properties and establish appropriate coverage limits.
• The contract specified how coinsurers would handle claims and share premiums.