Definition - What does Underwriter mean?
An underwriter is a qualified professional who evaluates an insurance proposal to determine the type and level of risk involved. They determine the premium to be charged to the potential client based on statistical, background, and actuarial information.
Insuranceopedia explains Underwriter
An underwriter analyses a risk based on the possibilities of a claim by considering several factors, including background information on potential clients, and decides on a premium. The latter may involve teaming up with the risk and claims managers and actuaries. This ensures the business of attracting and retaining clients while making a profit and staying financially solvent.