Underwriter: meaning, definitions and examples
๐
underwriter
[ หสndษหraษชtษr ]
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.
Synonyms
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.
Translations
Translations of the word "underwriter" in other languages:
๐ต๐น subscrevedor
๐ฎ๐ณ เค เคเคกเคฐเคฐเคพเคเคเคฐ
๐ฉ๐ช Underwriter
๐ฎ๐ฉ penjamin emisi
๐บ๐ฆ ะฐะฝะดะตัะฐะนัะตั
๐ต๐ฑ subskrybent
๐ฏ๐ต ๅผๅไบบ
๐ซ๐ท souscripteur
๐ช๐ธ suscriptor
๐น๐ท sigortacฤฑ
๐ฐ๐ท ์ธ์์ธ
๐ธ๐ฆ ู ูุชุชุจ
๐จ๐ฟ upisovatel
๐ธ๐ฐ upisovateฤพ
๐จ๐ณ ๆฟ้ๅ
๐ธ๐ฎ subjekt, ki se podpiลกe
๐ฎ๐ธ undirritari
๐ฐ๐ฟ ะฐะฝะดะตััะฐะนัะตั
๐ฌ๐ช แแฃแแแขแแ แ
๐ฆ๐ฟ sฤฑฤortaรงฤฑ
๐ฒ๐ฝ suscriptor
Word origin
The term 'underwriter' originated in the 17th century London insurance market. It refers to a person who would write their name under the total sum of risk they were willing to accept on a given policy. This practice evolved into the modern role of underwriters in assessing and assuming risks for insurance policies.
See also: overwrite, rewrite, underwrite, writ, write, writer, writers, writing, written.