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Underwriting
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== History == The term "underwriting" derives from the [[Lloyd's of London]] [[insurance]] market. Financial backers (or risk takers), who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a [[insurance premium|premium]], would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.<ref>[https://books.google.com/books?id=ZCu4ctqn9OsC&pg=PA25 "Underwriting: The Poetics of Insurance in America, 1722-1872"], by Eric Wertheimer, Stanford University Press, 2006</ref><ref>{{cite news |last1=Probasco |first1=Jim |title=Underwriting: The risk-assessment process used in everything from IPOs to life insurance |url=https://www.businessinsider.com/what-is-underwriting |access-date=6 December 2021 |work=Business Insider |date=2021-11-17}}</ref>
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