What is Underwriter ?


‘Underwriter’ refers to a specific kind of analyst who analyzes the risk of providing a financial product to a specific client and decides whether they are able to afford it as well as whether they are eligible to receive its benefits.
In the credit world, underwriters analyze the individual who has a credit history and determine whether they can be trusted with further credits or loans. Similarly, in the insurance industry, underwriters analyze the individual’s medical records and determine whether a specific disease needs to be covered in the policy.
The companies that provide these services have a set of rules that they follow in order to accept or reject an application. With the recent advancements in technology, the job of the underwriters have become easier with automated rules being able to analyze the risks and even suggest improvements to policies.

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