A more thorough explanation:

Definition: Assecurator (pronounced "uh-sek-yuh-ray-tor") is a term used in marine insurance to refer to an insurer.

Example: When a ship owner wants to protect their vessel and cargo from potential losses or damages during a voyage, they can purchase marine insurance from an assecurator.

Explanation: The term "assecurator" is used specifically in the context of marine insurance, where it refers to the entity that provides insurance coverage for ships and their cargo. The example illustrates how a ship owner would interact with an assecurator to obtain insurance coverage for their vessel and cargo.