What is the role of an underwriter in an insurance company?

The role of an underwriter in an insurance company is primarily to assess risk and determine appropriate premiums. Underwriters evaluate various factors related to potential policyholders, such as their health, lifestyle, financial status, and other relevant information. This assessment helps them decide whether to accept or reject an application for insurance, as well as how much coverage the individual or entity should receive and at what premium rate. By accurately analyzing risk, underwriters play a crucial part in ensuring the insurer maintains profitability while also providing coverage to those who qualify.

Other roles mentioned, such as selling insurance policies or managing claims and customer complaints, are typically handled by agents, claims adjusters, or customer service representatives, rather than underwriters. Thus, while these functions are essential to the insurance process, they do not fall within the specific responsibilities of underwriting.