as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
what is the relationship between an insurer and an insured?
user
the relationship between an insurer and an insured is one of mutual understanding and agreement. the insured entrusts their risks to the insurer and promises to pay a premium in return for the insurer’s promise to pay for any losses incurred by the insured in the event of a claim.
assistant