Meaning of the word "insurance underwriter" in English

What does "insurance underwriter" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

insurance underwriter

US /ɪnˈʃʊr.əns ˈʌn.dərˌraɪ.tər/
UK /ɪnˈʃʊr.əns ˈʌn.dərˌraɪ.tər/
"insurance underwriter" picture

Noun

1.

a person or company that assesses and evaluates risks for insurance policies to determine the terms and premiums of coverage

Example:
The insurance underwriter reviewed the client's medical history before approving the life insurance policy.
As an insurance underwriter, she specializes in commercial property risks.
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