Definition: An insurance underwriter is a professional who evaluates risks and determines the premiums that policyholders pay. The primary responsibility of an underwriter is to assess the likelihood of a loss and calculate the appropriate premium based on the insured’s age, gender, location, driving history, and other factors. Key Responsibilities: Risk Assessment: Analyzing various factors, […]

Subrogation Subrogation is a legal right that allows an insurer to recover damages paid out on a claim from the third-party responsible for the damage. It is a common law doctrine that applies when an insurer has paid out damages for a claim covered by its policy and the insurer has the right to recover […]