See the full video at https://rumble.com/vezy11-a-video-explaining-insurer-underwriting-personnel.html and at https://youtu.be/yGFGcTr0dr0  The Underwriter
Whoever makes the decision to insure or not to insure a future insurance, is called in modern practice an insurer. Unlike the original insurers at Lloyd's, the person with the title "insurer" is usually an employee of an insurance company who was employed to evaluate the risks that the insurer is willing to take.
The agent or broker deals directly with the insurer's insurer or an agent appointed by the insurer to act as its insurer. The agent and the broker try to present the risk to the insurer and the insurer that are best suited for the risk.
The guarantor is the risk taker. He or she decides whether the risk presented by the broker or agent is the type of risk that the insurer is willing to take. Each insurer has specialized insurers who view risks differently and use their own criteria to evaluate them.
The Loss Prevention Engineer
If the risk the potential insured proposes is great, he or she will often be visited by a loss prevention. engineer. This person, who is employed by the insurer, is obliged to inspect the potential and personal property of the potential insured and to interview him or her to ensure that the insured and the property meet the requirements that the insurer insists on before accepting a risk of insurance. 19659003] The pre-risk inspection service
If the risk is a residential or specialist business, the insurer will inspect it by a specialized company called a "pre-risk inspection service". Its inspectors are often experienced claims organizers who understand the types of dangers that future insured persons face and their potential insurance companies. The service before risk inspection seeks approximately the same information for the insurer as technology for loss prevention. In addition, it determines if there is any special information that the insurer needs due to the type of risk.
After the insurance takes effect, the insured shall have no contact with the insurer except when it is time to renew the insurance or pay a premium. At the time of renewal, the insured can see the same people he or she saw acquiring the insurance or none at all. If the insured has not made any claims during the insurance period, he or she can only receive an offer from the insurer to renew the insurance for a certain premium. The insured will either accept the offer or find insurance with another insurance company at a better price.
© 2021 – Barry Zalma
Barry Zalma, Esq., CFE, now limits his practice to employment as an insurance consultant specializing in insurance coverage, insurance claims handling, insurance claims and insurance fraud almost
insurers and insurers. He also acts as an arbitrator or mediator for insurance-related disputes. He practiced law in California for more than 44 years as an insurance coverage and claims lawyer and more than 52 years in the insurance industry. He is available at http://www.zalma.com and firstname.lastname@example.org.
Mr. Zalma is the first recipient of the first annual Claims Magazine / ACE Legend Award.
For the past 53 years, Barry Zalma has devoted his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other materials to enable insurers and their claims staff to become professional in insurance claims.
Go to the podcast Zalma On Insurance at https://anchor.fm/barry-zalma; Follow Zalma on Twitter at https://twitter.com/bzalma ; Go to Barry Zalma videos on Rumble.com at https://rumble.com/c/c-262921; Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg; Go to the library for insurance claims – https://zalma.com/blog/insurance-claims-  bibliotek / Read posts from Barry Zalma at https: //parler.com/profile/ Hymns / posts; and Read the last two issues of ZIFL here.