What is an Underwriter?
Underwriter is a professional role within the insurance industry. A person who identifies, examines and classifies the degree of risk that a proposed insurance policy represents to determine whether or not to provide coverage, and if so, at what rate.
It is common for the underwriter to have tasks within multiple areas at the insurance company. It can, for example, work on preparing insurance solutions for customers and then assess what risk they pose, and then determine the premium which could pay for the insurance. But in addition to this, they can also help out building completely new insurance products.
Underwriter's are supported by an Actuary
Actuaries are employed by insurance companies to make statistical calculations, for example of how great the risk is for certain people, geographical areas, and time periods.