0 present participle of underwrite
1 the act of giving financial support for an activity, and for paying any costs if it fails:
The group announced a £50 million investment in insurance underwriting.
Underwriters for private health insurance first assess whether an applicant meets the statutory eligibility criteria (technical underwriting).
Underwriting is conducted on the basis of an application form, which is submitted to the insurer by the applicant.
Then, the medical costs and risks that are associated with the applicant are assessed (medical underwriting).
The experts conducted health insurance underwriting for 30 real applications, which had been processed two or three years earlier, while thinking aloud.
Although there are now 33 companies underwriting private health care, a few are dominant.
Their underwriting and pricing policy has been so 'broad brush' that the safety conscious and the careless have been treated in very similar ways.
Administrative, underwriting, and other economies of scale for group insurance and related benefits make welfare capitalism a cheap efficiency wage strategy for larger employers.
The second part of the book explores four major aspects of the business of fire insurance, specifically company foundation, marketing, underwriting and investments.
