The word often appears in situations related to insurance and protection against financial loss. The underwriter agreed to cover the costs of the flood damage to our home.
Pro Tip 2/3
Risk Assessment
Underwriters assess risk to determine the costs of the insurance policy premiums. As an underwriter, she evaluated the health records of the applicant before issuing a policy.
Pro Tip 3/3
Payment Exchange
The role implies a mutual agreement where the underwriter receives payments to potentially pay out claims. Monthly payments to the underwriter ensure that my car is insured against accidents.