A person at the insurance company that evaluates the risk.
Posted: Sat Jan 08, 2011 10:02 pm Post Subject:
The term underwriter came from a time when individuals would accept a portion of a ship’s risk by writing their name “under” the ship’s name.
Posted: Mon Jan 10, 2011 10:53 pm Post Subject:
Insurance companies protect individuals and organizations from financial loss by assuming billions of dollars in risk each year—risks of car accident, property damage, illness, and other occurrences. Underwriters decide whether insurance is provided and, if so, under what terms. They identify and calculate the risk of loss from policyholders, establish who receives a policy, determine the appropriate premium, and write policies that cover this risk. An insurance company may lose business to competitors if risk underwriting is too conservative, or it may have to pay excessive claims if the underwriting actions are too liberal.
Read this for more in-depth information http://www.bls.gov/oco/ocos026.htm.
Posted: Sat Jan 08, 2011 09:11 pm Post Subject:
A person at the insurance company that evaluates the risk.
Posted: Sat Jan 08, 2011 10:02 pm Post Subject:
The term underwriter came from a time when individuals would accept a portion of a ship’s risk by writing their name “under” the ship’s name.
Posted: Mon Jan 10, 2011 10:53 pm Post Subject:
Insurance companies protect individuals and organizations from financial loss by assuming billions of dollars in risk each year—risks of car accident, property damage, illness, and other occurrences. Underwriters decide whether insurance is provided and, if so, under what terms. They identify and calculate the risk of loss from policyholders, establish who receives a policy, determine the appropriate premium, and write policies that cover this risk. An insurance company may lose business to competitors if risk underwriting is too conservative, or it may have to pay excessive claims if the underwriting actions are too liberal.
Read this for more in-depth information http://www.bls.gov/oco/ocos026.htm.
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