What is the role of an underwriter in an insurance company?
Insurance underwriters analyse risk in insurance proposals, determine policy terms and calculate premiums on the basis of actuarial, statistical and background information. Most insurance companies run graduate schemes that offer a route into underwriting.
What is an underwriter in simple terms?
An underwriter is a financial expert who takes a look at your finances and assesses how much risk a lender will take on if they decide to give you a loan. More specifically, underwriters evaluate your credit history, assets, the size of the loan you request and how well they anticipate that you can pay back your loan.
What is the difference between an underwriter and an agent?
Yes, being an underwriter can be stressful.\n\n They have a lot of paperwork to look through to make the best-informed decision. In some industries, such as mortgages, there may be higher stress due to an underwriter shortage.
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