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. They may propose changes in policies to make applicants acceptable risks.
Underwriters sometimes write letters to policyholders, agents, and managers.
These letters may be about canceling policies or other matters. Sometimes, underwriters go with sales people to meet with future customers. Most underwriters specialize in one of three major kinds of insurance. The three kinds of insurance are life, health, or property and casualty. Within a type of insurance, underwriters also specialize in group or individual policies.