Insurance Underwriter

I have always what an insurance underwriter was or did. I know when you see the adverts on TV or you get your paperwork through, it says underwritten by ..... Here is a brief and some links that may help you and me understand.

"Definition of 'Insurance Underwriter'

A financial professional that evaluates the risks of insuring a particular person or asset and uses that information to set premium pricing for insurance policies. Insurance underwriters are employed by insurance companies to help price life insurance, health insurance, property/casualty insurance and homeowners insurance, among others.

Underwriters use computer programs and actuarial data to determine the likelihood and magnitude of a payout over the life of the policy. Higher-risk individuals and assets will have to pay more in premiums to receive the same level of protection as a (perceived) lower-risk person or asset."

http://en.wikipedia.org/wiki/Underwriting

https://uk.answers.yahoo.com/question/index?qid=20071024144010AAUdCyh

http://www.investopedia.com/terms/i/insurance-underwriter.asp

http://www.investorwords.com/5134/underwriter.html

http://coverhound.com/insurance-learning-center/what-is-insurance-underwriting