👉 Surely, what is a "underwriter" in insurance? This term seems so ordinary yet so mysterious. For instance: Imagine you're a customer and suddenly your policy has a huge fine for not paying enough – how would that feel? Just imagine the underwriter being super angry with you! And guess who's going to pay that bill then?! Your lawyer or even the police!
Remember, insurance is about protecting people from disasters. But sometimes it can be difficult to understand just what "underwriters" do!