Underwriters - Main Underwriters Underwriters examine insurance applications. They figure out whether to offer coverage to an applicant. Underwriters decide which applicants their companies will insure. An insurance company will lose business if the underwriter accepts too few risks. On the other hand, a company may lose money paying out claims if they accept too many risky applicants.
Underwriters decide whether an applicant for insurance is an acceptable risk.
They analyze information on insurance applications, reports from consultants, and medical reports. They also look at actuarial studies. These are reports that describe the odds of insurance loss. Underwriters then decide whether to issue a policy. If they do, they may outline their terms of the contract, including the amount of the premium.