What's the difference between insurance and underwriter?

Insurance


Definition:

  • (n.) The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6.
  • (n.) The premium paid for insuring property or life.
  • (n.) The sum for which life or property is insured.
  • (n.) A guaranty, security, or pledge; assurance.

Example Sentences:

  • (1) Further development of drug formulary concept was discussed, primarily for the drugs paid by the Health Insurance, as well as the unsatisfactory ADR reporting in Yugoslavia.
  • (2) Senator Bernie Sanders of Vermont, who is also seeking the Democratic presidential nomination, recently proposed a bill that would ease the financial burden of prescription drugs on elderly Americans by allowing Medicare, the national social health insurance program, to negotiate with the pharmaceutical companies to keep prices down.
  • (3) The direct monocyte source is not sufficient to insure the stability of this population.
  • (4) Obamacare price hikes show that now is the time to be bold | Celine Gounder Read more No longer able to keep patients off their plans outright, insurers have resorted to other ways to discriminate and avoid paying for necessary treatments.
  • (5) Most survivors reported a range of problems that they attributed to having had cancer: 35%, proven or perceived infertility; 24%, sexual problems; 31%, health and life insurance problems; 26%, a negative socioeconomic effect; and 51%, conditioned nausea, associated with visual or olfactory reminders of chemotherapy.
  • (6) They derive from publications of the National Insurance Institute for Occupational Accidents (INAIL) and refer to the Italian and Umbrian situation.
  • (7) Initial analysis suggests that about one-fifth of gross costs would be directly returned to the public purse via income tax and national insurance payments.
  • (8) The industry will pay a levy of £180m a year, or the equivalent of £10.50 a year on all household insurance policies.
  • (9) The author describes the utilization review process, utilization patterns, and service cost of the Mental Health Service of the Health Insurance Plan of Greater New York (HIP).
  • (10) The four most common types of insurance that protect your income are income protection insurance, critical illness cover, life insurance, and payment protection insurance.
  • (11) Whereas 87% of U.S. physicians supported private fee-for-service health care, 85% of Canadian physicians supported government-funded national health insurance.
  • (12) When I eventually get hold of a human at Uber, I am told the only insurance cover is up to $1m to cover “bodily injury or property damage to third parties where the claim arises out of UberEats and UberRush operations”.
  • (13) The use of accounting software expands the use of in-office computers to areas beyond professional billing and insurance form generation.
  • (14) In a 2013 Politifact interview , the author of the Urban Institute study, Stan Dorn, said: “It makes sense that as time goes by … health insurance coverage has greater impact on health outcomes.” The specific numbers might be hard to agree upon, and even harder to forecast if the Republican bill is passed.
  • (15) Requesting physicians explicitly identified "no money" or "no insurance" as the primary reason for transfer in 89 per cent of 164 cases in which these data were recorded.
  • (16) Relief on contributions, national insurance, tax-exempt lump sums and others amounts to a phenomenal £48.4bn a year.
  • (17) As part of the plan, the treasury and the Federal Deposit Insurance Corporation will guarantee against the "possibility of unusually large losses" on up to $306bn of risky loans and securities backed by commercial and residential mortgages.
  • (18) In March-May 1988, we collected data on enrollment of 1,445 Army families with grade school children in the Active Duty Dependents Dental Insurance Plan at two Army posts.
  • (19) The studies are conducted on members of a prepaid medical insurance plan, and reside in the Oakland area of California, USA.
  • (20) Insurance claims for medical services submitted on behalf of a group of workers in the construction industry were collected over a 20-month period.

Underwriter


Definition:

  • (n.) One who underwrites his name to the conditions of an insurance policy, especially of a marine policy; an insurer.

Example Sentences:

  • (1) A new bill, to be published this week with the aim of turning it into law by next month, will allow the government to use Britain's low borrowing rates to guarantee the £40bn in infrastructure projects and £10bn for underwriting housing projects.
  • (2) The Hippocratic concept of preceptor education as an alternative has much to recommend it in replacing the present system, which underwrites the cost of student education through research grants and subsidies, but greatly neglects the continuing education of the practicing physician.
  • (3) Our presence underwrites the multi-use legacy of the stadium and our contribution alone will pay back more than the cost of building and converting the stadium over the course of our tenancy.” West Ham added in a later statement: “The worldwide draw of hosting the most popular and watched football league in the world in such an iconic venue will add value to any sponsorship and commercial agreements related to the stadium, which the public purse stands to further benefit from.
  • (4) A group of ex-miners appear to have been wooed by Osborne when he visited them ahead of a trip to the Thoresby colliery in Nottinghamshire earlier this month to announce the government would underwrite a fuel-benefit scheme.
  • (5) These insurers underwrite coverage for over 100 million people.
  • (6) What if the giant corporation such as IBM, Xerox, General Electric, General Motors, and so forth, established programs to underwrite the cost of long-term care?
  • (7) Efforts to reform the small group market include making insurance more available by restricting the use of medical underwriting to deny access, and compressing rates to make it more affordable for high-risk groups.
  • (8) He clearly does not want to bite the ministerial hand that feeds but admits changes introduced as part of the government's electricity market reform policy – such as contracts that underwrite the price of renewable and nuclear-generated power – has had a dampening effect on the market.
  • (9) Other Republicans have called on the administration to underwrite the $122bn start-up costs of 19 nuclear reactors, whose applications are now under review by the department of energy.
  • (10) She said she had attempted to get it covered but no underwriters were willing to offer insurance as there were only about 500 in the world and a suitable replacement would be likely to cost more than £30,000.
  • (11) "We've got to build more homes – that means changing the planning laws, and at the same time underwriting the purchase and the construction of homes – we're doing that.
  • (12) Axa's claims and underwriting director then became involved and, with some persuading from us, you and he had a conversation about the discrepancies in your two stories.
  • (13) He added that the three new risks were the US, where corporate debt underwriting standards were "weakening rapidly"; the possibility that a flood of cheap money from developed countries could de-stabilise emerging markets; and the dangers involved in unwinding prolonged monetary easing in America.
  • (14) The documents show that Chappell’s consortium, Retail Acquisitions, defaulted on a loan a week after buying BHS, leading to higher charges, and that his advisers explored the possibility of Green underwriting the professional fees he had to pay to buy BHS.
  • (15) Read more “The project has already used £37.4m of public money and the agreement to underwrite cancellation costs by the government could bring the bill to the taxpayer up to £46.4m,” the report said.
  • (16) As a temporary method of correction joint underwriting associations appear to be the most practical suggestion.
  • (17) Britain has contributed around £1bn to the European Financial Stability Mechanism (EFSM), but the funds have remained outside a scheme used to underwrite short-term loans to Greece following a deal between the UK and Brussels in 2010 stipulating that UK funds would only be used to protect the EU.
  • (18) And it could be a goldmine for insurance companies, able to find out everything they ever wanted to know about the risk they're underwriting.
  • (19) The increase from 1947-50 to 1961-5 in mortality during all episodes of ischaemic heart disease was the same in the doctors as in the male population of England and Wales at 45-54, but at 55-64 it was less.The results in the doctors are not due to alterations over the period in length of sickness absence, or underwriting policy, or of the nomenclature used on the certificates.Well-documented changes in the smoking habits of doctors may be partly responsible for what appears to have been a relatively favourable experience of ischaemic heart disease from 1947-50 to 1961-5, especially at ages 55-64.Incidence of duodenal ulcer at ages 35-64 declined steadily in this population of doctors from 1947-50 to 1961-5.
  • (20) In this paper I compute the actual and allowable normal underwriting profit rates in medical malpractice, as well as in other liability lines, for six large insurance companies.