WordUpWordup

Underwriter

usgb/ˈʌndəraɪtər/Volume
Left Definition 1 of 2Right
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Insurance ContextPlay
The word often appears in situations related to insurance and protection against financial loss. SlideThe underwriter agreed to cover the costs of the flood damage to our home.
LampPro Tip 2/3
Risk AssessmentPlay
Underwriters assess risk to determine the costs of the insurance policy premiums. SlideAs an underwriter, she evaluated the health records of the applicant before issuing a policy.
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Payment ExchangePlay
The role implies a mutual agreement where the underwriter receives payments to potentially pay out claims. SlideMonthly payments to the underwriter ensure that my car is insured against accidents.