Step-by-step explanation:
Insurance is the pooling of funds for the future financial loss. It is the type of contract between the insurance company and insurance holder for the payment of entire sum of money during the occurrence of financial liability in future to the insurance holder.
The main task of the insurance underwriter is:
to advice customers about different insurance products.
examining actuarial reports.
The insurance underwriters are the professionals involved in evaluating and analyzing the types of risks involved in the person insuring their assets. Their main work is to fetch people for taking insurance and advice them correct insurance policy based upon their actuarial reports.