Insurance underwriters and insurance brokers are both essential to the insurance industry, but they perform vastly different duties. An insurance underwriter works for an insurance company, assessing the risks potential clients pose and deciding if they can be approved for coverage. Underwriters also use a range of metrics to determine premium pricing and the terms and conditions of coverage, bearing in mind the company’s ability to maintain profit.

On the other hand, an insurance broker acts as an intermediary between the buyers and the insurance companies, with the goal of assisting individuals and businesses in finding policies that cater to their unique needs. These industry professionals can work independently or as part of an insurance brokerage firm. They serve the customers, helping them find the coverage that suits their needs and budget.

In summary, while an insurance underwriter puts the interest of the insurance company first, an insurance broker serves the customers.