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A person who undertakes any risk in insurance business is known as ? 

Commerce
JAMB 2018

A person who undertakes any risk in insurance business is known as ? 

  • A. a broker
  • B. an underwriter
  • C. an insurer
  • D. an actuary
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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.


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