Underwriter

usgb/ˈʌndəraɪtər/
noun

A person or company that agrees to pay out money in case of loss or damage, usually in return for regular payments.

The underwriter ensured their client would be covered in case their house was damaged by fire.
Visual representation of "underwriter" - A person or company that agrees to pay out money in case of loss or damage, usually in return for regular payments.

Often appears as...

  • insurance underwriter
  • underwriter services
Definition 1 of 2
Visual representation of "underwriter"
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Insurance Context

The word often appears in situations related to insurance and protection against financial loss.

Illustration for Insurance Context
The underwriter agreed to cover the costs of the flood damage to our home.
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Risk Assessment

Underwriters assess risk to determine the costs of the insurance policy premiums.

Illustration for Risk Assessment
As an underwriter, she evaluated the health records of the applicant before issuing a policy.
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Payment Exchange

The role implies a mutual agreement where the underwriter receives payments to potentially pay out claims.

Illustration for Payment Exchange
Monthly payments to the underwriter ensure that my car is insured against accidents.
Visual representation of the word "Underwriter"

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