Qualified individuals which can evaluate the risk for insurance companies. Insurance is a security measure against financial loss in the future from damage in property, liability for the losses of others, illness, or injuries. Insurance underwriters assess applications for the coverage of the insurance. They evaluate the potential risk, and reject, accept, or modify the policy according to the company standards or laws. This professional designation is given by the Insurance Institute of America (IIA) after a successful completion of the three national examinations. The program guiding to this designation is designed for company and agency underwriters, account managers and field representatives; this necessitates a working knowledge of insurance principles and coverages.