Underwriter: meaning, definitions and examples

This term is often used in the context of finance, insurance, and securities. It can refer to an individual or entity that evaluates and assumes another party's risk in exchange for a premium.

• Jane works as an underwriter at the bank, evaluating loan applications.
• The underwriter assessed the risk before the insurance policy could be issued.

Typically used to refer to a company or organization that provides insurance coverage. This term is used in policy documents and official communications.

• The insurer agreed to cover the damages caused by the accident.
• Before buying the policy, I checked the reputation of the insurer.

Used in various industries, this term refers to someone who identifies, evaluates, and prioritizes risks. It can be used in both natural and man-made scenarios.

• The risk assessor evaluated the potential dangers of the new construction project.
• Before launching the new product, the company hired a risk assessor to identify potential risks.

This is a specific role within the insurance industry, referring to someone who evaluates and decides on insurance applications. It is generally used in a professional environment.

• As a policy underwriter, Maria has to carefully assess the risk involved in each insurance application.
• The policy underwriter denied the claim because the applicant didn't meet the necessary criteria.