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Definition of 'Insurance Underwriter'
A financial professional that evaluates the risks of insuring a particular person or asset and uses that information to set premium pricing for insurance policies. Insurance underwriters are employed by insurance companies to help price life insurance, health insurance, property/casualty insurance and homeowners insurance, among others.
Underwriters use computer programs and actuarial data to determine the likelihood and magnitude of a payout over the life of the policy. Higher-risk individuals and assets will have to pay more in premiums to receive the same level of protection as a (perceived) lower-risk person or asset.
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Investopedia explains 'Insurance Underwriter'
Insurance underwriting is big business – just ask Warren Buffett, who for years has used insurance and reinsurance premiums to fund his investments at Berkshire Hathaway.
Insurance companies walk a tightrope between being too aggressive or too conservative in their underwriting duties. If they are too aggressive, greater-than-expected claims could cut into company earnings; if they are too conservative, they will be outpriced by the competition and lose business.
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Search results for 'Insurance Underwriter'
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http://www.investopedia.com/articles/financialcareers/08/insurance-underwriting.asp
... The person who reviews and evaluates your responses is an insurance underwriter. ...
Health insurance, Registered Health Underwriter, RHU. ...
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http://www.investopedia.com/exam-guide/series-26/investment-companies/underwriter.asp
... Prospectus Delivery The managing underwriter provides both preliminary and final ...
Small public offerings; Private placements; Insurance policies, including fixed ...
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http://www.investopedia.com/articles/pf/08/get-life-insurance.asp
... (Learn more about what an underwriter does in Is Insurance Underwriting Right For
You?) It's a Numbers Game Once all the information is gathered, the company ...
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http://stocks.investopedia.com/stock-analysis/2010/Stock-Picks-From-Big-Value-Investors-ADCT-TEL-ACAP-DTG-HTZ0817.aspx
... has also taken a new position in American Physicians (Nasdaq:ACAP), an insurance
underwriter for physicians groups in Michigan, Illinois, Ohio and New Mexico. ...
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http://stocks.investopedia.com/stock-analysis/2011/7-Companies-With-Big-Dividends-ABVCTL-FNF-MCD-NUE-PAYX-UL0405.aspx
... Fidelity National Financial is a slow growth, mid-value insurance underwriter
which is slowly recovering from the credit crisis. ...
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http://www.investopedia.com/articles/pf/08/business-insurance-coverage.asp
... expensive than a business owner's policy, but the risks are correspondingly higher
and potentially more costly to the underwriter, the insurance company which ...
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http://www.investopedia.com/articles/01/101001.asp
... Chartered Life Underwriter (CLU) This designation is issued by the American College,
and those who hold it work mostly as insurance agents. ...
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http://www.investopedia.com/articles/pf/08/what-to-expect-insurance-application.asp
... a treadmill test. Next, an underwriter at the insurance company will review
your application and medical exam results. He or she ...
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http://www.investopedia.com/ask/answers/06/underwriteripo.asp
... Active Trading; Forex; Personal Finance; Real Estate; Retirement; Insurance; ETFs;
Options/Futures; ... underwriting varies in the amount of risk the underwriter takes ...
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http://www.investopedia.com/articles/professionaleducation/08/CFP-CLU-CHFC.asp
... For The CFP Exam.) Chartered Life Underwriter® - The Oldest Designation The CLU®
is widely considered to be the most respected insurance designation in the ...
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