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Top Asked Questions
What is an insurance underwriter?The term “ underwriter ” can refer to the underwriting department within an insurance company, or to a company as a whole. The underwriting company on an insurance policy is the one accepting the risk and agreeing to pay any claims that arise.
What is underwriting & why is it important?Underwriting is the process through which an individual or institution takes on financial risk for a fee. Underwriters assess the degree of risk of insurers' business. Underwriting helps to set fair borrowing rates for loans, establish appropriate premiums, and create a market for securities by accurately pricing investment risk.
What is the underwriting process?The underwriting process generally involves a detailed analysis of expected cash flows, the local market, supply and demand, and risks such as the physical state of the property, environmental or geotechnical risks, zoning, taxes, and insurance.
Where did the term underwrite come from?The term "underwrite" originates in the 17th century when marine vessels would be underwritten for insurance risk for overseas voyages. The insurance company would sub-scribe (literally to write underneath or under-write) the policy by signing their name at the bottom of the document and acknowledging consent that the policy is in force.
"Underwriter" Example Sentences
› Underwriter [ˈəndə(r)ˌrīdər]
› Strop [sträp] ✕ Play
› Oratorical [ˌôrəˈtôrək(ə)l]
› Successful [səkˈsesfəl]
› Whirlabouts [ˈ(h)werəˌbouts]
› Tenebrousnesses [ˈtenəbrəs]
› Crybully [ˈkrīˌbo͝olē] ✕ Play
› Changelessness [ˈCHānjləsnəs] ✕ Play
› Semantic [səˈman(t)ik]
› Usurped [yo͞oˈsərp]
› Naam [nɑːm] ✕ Play
› Undeviating [ˌənˈdēvēˌādiNG]
› Earthly [ˈərTHlē]
› Pensioners [ˈpenSH(ə)nər]
› Grandmama [ˈɡrandməˌmä]
› Dictation [dikˈtāSH(ə)n]
› Glaucoma [ɡlôˈkōmə]
› Testfyi [ˈtestəˌfī]
› Attunements [attunements] ✕ Play
› Flexi [ˈfleksəb(ə)l]
› Underwrite [ˌəndə(r)ˈrīt, ˈəndə(r)ˌrīt]
› Thermographic [ˌTHərməˈɡrafik, -ˈɡrafik] ✕ Play
› Estivation [ˌestəˈvāSHən]