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Underwrite

usgb/ˌʌndərˈraɪt/Volume
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LampPro Tip 1/2
Risk AssessmentPlay
Underwriting involves evaluating the risk of insuring someone or something before providing a policy. SlideThe underwriter assessed the old building's condition before underwriting the property insurance.
LampPro Tip 2/2
Profit and LossPlay
Underwriters may face either profit from premiums or loss from too many claims. SlideAfter careful analysis, the company underwrote the insurance, aware of potential financial outcomes.