Underwriting: Money
iMinds
Jan 2009 · iMinds Pty Ltd
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Learn about Underwriting with iMinds Money's insightful fast knowledge series. Underwriting is the process of issuing insurance policies. A company underwrites your policy when it agrees to insure you or your property in exchange for the premiums you pay. Underwriting is carried out by either an insurance company or a professional underwriter. Underwriters assess risks and decide whether to accept applications for insurance cover and, if so, under what terms they are valid. The underwriting profession achieved its name from British mercantile endeavours in the early-eighteenth century. The Bri.
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