underwriters
Policy approval specialists
Underwriters are people or institutions that assess and assume financial risk.
In insurance, underwriters evaluate applications and decide whether to issue policies and at what price.
In securities, underwriters purchase new stock or bond issues from companies and resell them to investors, guaranteeing the issuer will receive funds.
The term comes from the practice of signing one's name under the risk one agreed to bear: The underwriters approved the mortgage application.
Payments for insurance coverage
- policiesAdopted courses of action
- coverageExtent of inclusion
- claimsStatements of truth
- reinsuranceInsurers insuring themselves
liability · casualty · indemnity · deductibles · exclusions · endorsements · adjusters · brokers
Aid or sponsorship
- commitmentFirm pledge to act
- suretyBacker of obligation
- bondBinding tie or connection
- indemnityProtection against financial loss
assurance · collateral · pledge · warranty · protection · sponsorship · certification · endorsement
Possibility of harm
- assessmentFormal evaluation of worth
- evaluationDetermining worth or quality
- due diligencePre-transaction reasonable care
- creditworthinessAbility to repay debts
actuarial · analysis · appraisal · vetting · eligibility · criteria · solvency · viability
premiums
Payments for insurance coverage
reinsurance · liability · casualty · indemnity · deductibles · exclusions · endorsements · adjusters · brokers · insurers
backing
Aid or sponsorship
- commitmentFirm pledge to act
- suretyBacker of obligation
- bondBinding tie or connection
indemnity · assurance · collateral · pledge · warranty · protection · sponsorship · certification · endorsement · financial backing
risk
Possibility of harm
- assessmentFormal evaluation of worth
- evaluationDetermining worth or quality
- due diligencePre-transaction reasonable care
creditworthiness · actuarial · analysis · appraisal · vetting · eligibility · criteria · solvency · viability · financials
IPO
First public stock offering
- prospectusFormal investment disclosure document
- syndicateCombined group pursuing shared interest
- offeringsThings presented or given
equity · bonds · stocks · shares · capital · roadshow · allocation · pricing · flotation · issuance
- financebank, CFO, banks, controller, finance
- backerssupporters, backers, sponsors, patrons, funders
- finance prosfinancial analysts, investment bankers, stockbrokers, stock brokers, traders
- fire insurancefire risk, fire damage, fire protection, fire inspections, fire hazards
- insurance company employeesagents, insurance agents, brokers, insurance brokers, adjusters
- public broadcastingPBS, NPR, BBC, CBC, public affairs
- insurance underwritersThose who assess policy risks