Okuzeka
Insurance vocabulary · Underwriting & Risk

Underwriter

Meaning in insurance, with examples

/ˈʌndərˌraɪtər/nounCore term

In insurance, underwriter means: An insurance professional who examines risks, decides whether to accept them and sets the premium, limits and conditions.

In Turkish: underwriter, risk kabul uzmanı

How it is used

A key job title in insurance and reinsurance companies. Underwriters review proposals, ask for more information, refer large risks to senior colleagues and work closely with brokers. In Turkey the English title is usually kept.

Example sentences

  1. The underwriter wants photos of the roof before she offers terms.

  2. Our senior underwriter has authority to accept risks up to 50 million lira.

Common collocations

  • senior underwriter
  • underwriting authority
  • refer to the underwriter
  • property underwriter
  • underwritingThe process of studying a risk, deciding whether to insure it and setting the price and conditions of the policy.
  • risk assessmentA careful study of how likely a loss is and how serious it could be, used to decide whether and how to insure something.
  • brokerAn independent intermediary who acts for the customer, compares offers from different insurance companies and helps arrange the most suitable policy.
  • proposal formThe form a customer fills in when applying for insurance, giving the facts the insurer needs to assess the risk.

More terms: Underwriting & Risk

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This page explains English vocabulary for learners. It is not financial advice.