Underwrite

/ˌʌndərˈraɪt/
Definition 1 of 3
Visual representation of "underwrite"
LampPro Tip 1/2

Risk Assessment

Underwriting involves evaluating the risk of insuring someone or something before providing a policy.

Illustration for Risk Assessment
The underwriter assessed the old building's condition before underwriting the property insurance.
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Profit and Loss

Underwriters may face either profit from premiums or loss from too many claims.

Illustration for Profit and Loss
After careful analysis, the company underwrote the insurance, aware of potential financial outcomes.
Visual representation of the word "Underwrite"

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