The process that an insurance provider uses to assess and evaluate the risks of potential insurance buyers.

Insurance providers use underwriting to decide whether they will or will not insure you. If the insurer accepted you (and your risk) as a client, they will then use underwriting to figure out which types of coverage you need and how much you should pay for the protection.

After this information is determined, the insurance provider will pass it along to you in the form of an insurance quote.