underwriter

/'ʌndə,raitə/
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underwriter

The underwriter reviews the insurance policy application.

Definition
  1. Noun:
    • A financial institution that sells insurance: An organization, typically a bank or insurance company, that assumes financial risk by selling insurance policies to individuals or businesses.
    • An agent who sells insurance: A person whose job is to sell insurance policies to clients.
    • A banker who deals chiefly in underwriting new securities: A financial professional or institution that guarantees to purchase a certain amount of a new stock or bond issue, assuming the risk of selling it to the public.
Usage and Examples

  • Noun (Financial Institution):

    • The large bank acted as the underwriter for the corporate insurance policy.
    • We need to find a reputable underwriter for our fleet of vehicles.

  • Noun (Insurance Agent):

    • She has been a successful insurance underwriter for over twenty years.
    • The underwriter assessed the risk before approving my life insurance application.

  • Noun (Securities Banker):

    • The investment bank served as the lead underwriter for the company's initial public offering (IPO).
    • Several underwriters formed a syndicate to manage the bond issue.
Advanced Usage

  • "To act as an underwriter for": To serve as the guarantor or risk-taker for a financial product.

    • The firm agreed to act as an underwriter for the municipal bond.

  • "Lead underwriter": The primary financial institution managing and guaranteeing a new securities issue.

    • Goldman Sachs was the lead underwriter for the stock sale.
Variants and Related Words

  • Underwrite (verb): To sign and accept liability under (an insurance policy), thus guaranteeing payment in case loss or damage occurs. More broadly, to agree to finance or support something.

    • The bank agreed to underwrite the new business venture.

  • Underwriting (noun): The process performed by an underwriter.

    • The underwriting process for the loan was completed quickly.
Synonyms
  • Insurer: A company or person that provides insurance.
  • Guarantor: A person or organization that provides a guarantee.
  • Backer: A person, institution, or country that supports something, especially financially.
Related Phrases
  • "Syndicate of underwriters": A group of investment banks that jointly underwrite a large security issuance.
    • A syndicate of underwriters was formed to share the risk of the massive IPO.
underwriter

The underwriter reviews the insurance policy application.

Noun
  1. a financial institution that sells insurance
  2. an agent who sells insurance
  3. a banker who deals chiefly in underwriting new securities

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