insurance underwriter
1
6.6
- noun
- /ɪnˈʃʊərəns ˈʌndərˌraɪtər/
- Specialized
:
suscriptor de seguros
- Each insurance underwriter at the firm specializes in different types of coverage to better evaluate the risks.
- title insurance underwriter
Examples
-
This is the lifeblood of an insurance underwriter.
Blog text (10) -
Insurance is insurance, and insurance underwriters are literally investing in the probability that you won't get sick.
Blog text (23) -
As any insurance underwriter will tell you, minimizing risk is always the way to go.
Blog text (7) -
Though the constituent elements of the venture seem viable, they have never performed together as a single unit, and this fact discourages insurance underwriters.
Academic text (1996) -
One final thought: Insurance underwriters require, of the purchaser, a bona fide insurable interest.
Blog text (15) -
Owners of fine art paintings, oriental rugs, and collectible precious jewelry will sometimes have replicas created for display purposes while the originals sit safely in a vault built to the satisfaction of insurance underwriters.
Blog text (17) -
When applying for a home loan, you might need to provide information to an insurance underwriter to obtain necessary coverage.
-
The insurance underwriter assessed the risks involved before approving the policy for the new restaurant.
Synonyms
320
2.8
A business that pays money to people for losses when they pay regular fees
116
3.5
A company or person who pays for damage to your things
5
7.5
A person or company that checks risk and sells insurance
3
3.0
A company that pays people money when something bad happens after they pay for protection
Surface Forms
Morphology
The meaning is directly and compositionally derived from 'insurance' (protection against loss) + 'underwriter' (a person or firm that evaluates and accepts risk), so an 'insurance underwriter' is plainly the person/organization that assesses insurance risks. This noun–noun compound follows a common, productive pattern (and has clear equivalents in many languages), so a B1 learner who knows both constituents would readily understand it.
Etymology
Insurance underwriter comes from a time when people who agreed to pay for a risk would literally write their names under the insurance paper. By signing 'under' the document they showed they would 'cover' the loss, so today an insurance underwriter is the person or company that checks risks and promises to pay.