As the insurance industry continues to evolve, new terms and vocabulary are entering the lexicon. One such term is "microinsurer," which refers to companies that offer low-cost insurance products to individuals and small businesses. However, there are several other phrases and synonyms that can be used to describe these types of companies. For example, "microinsurance providers" or "microcoverage carriers" could also be used. Similarly, "budget insurers" or "cheap insurance providers" may be appropriate terms for these types of companies. All of these synonyms describe the same type of insurance providers, but may be better suited for different audiences or contexts.