What does Staff Underwriter mean? Read on to discover the definition & meaning of the term Staff Underwriter - to help you better understand the language used in insurance policies.
A staff underwriter is a profession mandated with the role of helping the underwriting management to make and implement the underwriting policy. In this case, underwriting refers to the assessment of the risk exposure of a potential customer to facilitate setting of insurance policy terms and conditions, pricing coverage, and monitoring of the decisions made. The idea is to match each client premiums with the risk exposure of the insured assets to avoid losses to the insurer.
We hope the you have a better understanding of the meaning of Staff Underwriter.