Insurance What is a Carrier? Carrier[kar-ee-er]noun1.The Carrier is the insurance company that provides a specific Policy and is the company that a policyholder will pay Premiums to. The Carrier is ultimately responsible to pay out Claims. Share | Related Content Combine Your Policies and Save Some things just make perfect sense in pairs. What is an Appraisal? Do you know what an Appraisal is? Protecting Those Who Matter Most The importance of life insurance, how it works, and how much coverage you need.