MIDI is an acronym that stands for Musical Instrument Digital Interface. It is a set of standards designed in the mid 1980's to allow different musical instruments (usually keyboards) communicate with one another using digital messages.
The profit an insurance company generates after paying all claims. That is, the underwriting gain is what is left over after the premiums the company collects are added to its investment income and the amount the company pays for claims on its policies is subtracted. An underwriting gain is also called an underwriting profit.
An underwriter is a person or firm who assumes financial risks on behalf of another. The term is used in a number of industries; it can refer to an insurance company, an investment bank, or an individual sponsor of an event.n the insurance industry, the underwriter is the party that has agreed to pay for damages that are covered by a policy. During the Age of Sail, agents for Lloyds of London signed under a list of risks when insuring a merchant ship's voyage. Health underwriters may require an applicant to undergo a medical evaluation.