The insurer refers to the person who is responsible for compensation or compensation for economic losses when an insurance liability accident occurs in the insurance contract. It can be an insurance cooperative or an insurance company, mainly referring to domestic insurance companies.
The insured refers to the person whose personal or property interests are guaranteed by the insurance contract. The applicant and the insured can be the same person or different people. If it is not the same person, then according to the provisions of the Insurance Law, the applicant must have an insurable interest in the insured and obtain his written consent before he can become the insured.
The beneficiary refers to the person who has the right to claim the insurance money when the insured accident occurs in the insurance liability stipulated in the insurance contract. The beneficiary is designated by the insured.
Additional (the subject matter of insurance refers to the person or property used for insurance, and the insurable interest refers to the indispensable interest between the insurance base price and the insured that can increase or decrease the economic value of the insured)
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.