UNDERWRITER - a highly qualified and responsible individual of an insurer who is authorized to perform necessary procedures for reviewing proposals and accepting risks for insurance (reinsurance). The underwriter issues insurance policies, assesses risk, determines premium rates, and other insurance conditions. They are responsible for forming the insurance (reinsurance) portfolio.
UNDERWRITING - the process of analyzing risks, accepting or rejecting risks for insurance (reinsurance), including evaluating risks, classifying them as insurable or non-insurable, determining coverage terms, conditions, and limits, and calculating premium sizes.