What is the role of the underwriter in health insurance?

The role of the underwriter in health insurance is critical as it involves assessing risk and determining the terms and pricing of insurance policies. Underwriters evaluate applicants' health histories, lifestyle choices, and other risk factors to estimate the likelihood that an applicant will require significant medical care. This assessment helps insurers calculate premiums and decide what coverage can be offered to applicants. By effectively managing this risk, underwriters ensure that the insurance company remains financially viable while providing adequate coverage options for policyholders.

This function is essential to the overall operation of insurance companies, as it directly affects both the affordability of policies for consumers and the profitability of the insurer.