Underwriter: meaning, definitions and examples

insurance

A person or company that assesses and assumes the risk of another individual or organization for a fee. The underwriter evaluates the potential risk of insuring a person or entity, determines the appropriate premiums to charge, and decides whether to accept or decline the risk.

insurer, policy underwriter, risk assessor

Examples of usage

• The underwriter carefully reviewed the applicant's medical history before approving the insurance policy.

• After analyzing the financial statements, the underwriter calculated the insurance premium for the business.

• The underwriter decided to decline coverage for the high-risk individual.

• The underwriter's role is crucial in the insurance industry to ensure financial stability.

• The underwriter's decision can impact the overall profitability of the insurance company.