Outrageously Funny Word Dictionary :: Underdrawers

👉 Underdrawers, also known as underwriting reserves, are a type of reserve account used by insurance companies to cover potential losses in case of claims. Underdrawers are typically held by the company's insurance department and are invested in securities or other assets that provide a buffer against unexpected increases in claims. They are often used to reduce the likelihood of large claims being incurred, as they can act as a "buffer" to absorb some of the financial impact caused by an increase in claims. Underdraw

underdrawers