Underwrite

usgb/ˌʌndərˈraɪt/
verb

To accept financial risk in return for potential gain, such as the coverage of a policy by an insurer.

The company underwrites homeowners' insurance policies.
Visual representation of "underwrite" - To accept financial risk in return for potential gain, such as the coverage of a policy by an insurer.

Often appears as...

  • underwrite an insurance policy
  • underwrite a risk

Usage tips

Formal

Technical

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.
LampPro Tip 2/2

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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