This is a round electrical terminal push on connector with white insulator . These are used on all Volvo models .The Insulator is made form upgraded Silicone rubber material .
Terminal is made from silver plated beryllium copper material
You are ordering 1 ONE terminal and 1 ONE insulator
these parts have reference numbers 967695 and 949371
with these parts you can repair most of the connections on your volvo. these are normally used on all the sensor can component connections - turn signals, fan motors, relays, switches.etc