An insurance provider is a company or organization that offers insurance policies to individuals, businesses, or other organizations. These policies provide protection against financial losses due to unexpected events such as accidents, natural disasters, illnesses, and more. Insurance providers make their money by collecting premiums from policyholders and using those funds to pay out claims when necessary. The provider's profit comes from the difference between the amount of premium income they receive and the amount paid out in claims. Some common types of insurance provided by providers include auto, home, health, life, and business insurance, among others.