A person who undertakes any risk in insurance business is known as ?
-
A.
a broker -
B.
an underwriter -
C.
an insurer -
D.
an actuary
Correct Answer: Option B
Explanation
An underwriter is any party that evaluates and assumes another party’s risk for a fee, such as a commission, premium, spread or interest. Underwriters operate in many aspects of the financial world, including the mortgage industry, insurance industry, equity markets, and common types of debt securities.