An underwriter is a professional responsible for evaluating and analyzing the risks associated with insuring individuals or entities. They study various factors such as the applicant’s personal information, claims history, financial status, and the nature of the insurance being sought.
During the underwriting process, they evaluate the information provided and determine the appropriate terms and conditions for the insurance policy.
Underwriters use their expertise and knowledge to make informed decisions regarding the acceptance, modification, or rejection of insurance applications. Their objective is to strike a balance between providing coverage to policyholders and ensuring the financial stability of the company.
When you apply for insurance at PSIC, our underwriting team carefully analyze all the information you have provided to assess potential risks.
This process may involve reviewing your claims history and financial background. The information provided during the quote request process is analyzed to verify its accuracy. This is the underwriter’s primary responsibility.
Finally, once the policy is approved, underwriters can participate in its management, monitoring changes in risks and adjusting coverages as needed.
These terms might be similar or associated with the term you have read before.
At PSIC, we consider that they can be helpful for you.
Need More Help?
If you couldn’t find what you were looking for, remember that at PSIC we have an available AI assistant!
Learn more about insurance in the resources section. Find safety tips, money-saving options, do’s & don’ts, news, and much more information.
Get monthly news and useful insights by subscribing to our monthly newsletter.
By submitting this form you confirm that you agree to PSIC’s privacy policy.
With more than 40 years of trajectory, we have the expertise to accompany you in every stage of your life.
Customer support: 800-303-5000
Claims support: 800-962-1172
5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807
Copyright © McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 17486061 The insurance policy, not the contents of this website, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions and limitations that are not detailed on this website. Coverage may differ by state.
Privacy Notice at Collection for CA employees
Last updated: June 27, 2023
We take the privacy of our employees and applicants very seriously. Please read this notice carefully as it contains important information on the personal information that we collect, why we collect it, how long we keep it, and that it is not sold to third parties.
Other terms used but not defined will have the meaning set forth in the CCPA, as amended by the CPRA, Cal. Civ. Code §§ 1798.100—1798.199.100, and accompanying regulations set forth under Cal. Code Regs. tit. 11, § 7000 et seq.
Categories of Personal Information Collected
Purposes for Collecting and Using Your Personal Information
Managing Human Resource Functions:
Conducting business operations:
Monitoring:
Compliance with:
Investigating:
We will not retain your personal information for longer than necessary for the purposes set out in this notice. Different retention periods apply for different types of personal information.
When it is no longer necessary to retain your personal information, we will delete or anonymize it.