Another term that means the same thing as "insurance company" is:
What are your choices?
underwriter
To find another term that means the same thing as "insurance company," we can think about the concept of insurance and explore related terms.
One term that can be used interchangeably with "insurance company" is "insurer." An insurer is an entity or organization that provides insurance to individuals or businesses in exchange for regular premium payments. They assume the financial risk and provide coverage for various types of risks, such as property damage, liability, health, or life.
Another term that is commonly used in the insurance industry is "underwriter." An underwriter is a company or individual responsible for assessing the risks involved in insuring a person or property and determining the terms and conditions of the insurance policy. They evaluate applications, calculate premiums, and decide whether to offer coverage or not.
So, if you were looking for another term that means the same thing as "insurance company," you can use "insurer" or "underwriter." These terms encompass the core functions and activities performed by insurance companies or organizations in the field of insurance.