Outrageously Funny Word Dictionary :: Underwrites

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What is the definition of underwrites? 🙋

👉 Underwriting is a process in insurance where an insurer assesses and assigns risk to potential customers based on their financial situation or creditworthiness. The amount of insurance coverage that an insurer will offer to its customers is determined by assessing the likelihood of loss, taking into account factors such as age, health status, income, and other relevant factors. This process helps insurers manage the risks associated with the products they sell, providing them with a financial buffer against potential losses.


underwrites

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