Underwriter

11 months ago

Insurance Glossary Team

1 minute

Plain English Definition: A professional who evaluates risks and determines policy terms and premiums.

What Underwriter really means for someone with an insurance policy

Underwriters assess policy applications to determine appropriate coverage and premium rates. They ensure policies reflect fair terms based on calculated risk.

Underwriter Real World Examples

An underwriter reviewing a life insurance application based on the applicant’s health history.
A home insurance underwriter setting policy limits after property inspection.
An auto insurance underwriter calculating premiums based on driving records.