underwrite vs indemnify

underwrite and indemnify both are verbs.

Word	Noun	Adjective	Verb	Adverb
underwrite	No	No	Yes	No
indemnify	No	No	Yes	No

As verbs, indemnify is a hyponym of underwrite; that is, indemnify is a word with a more specific, narrower meaning than underwrite:

underwrite: protect by insurance
indemnify: secure against future loss, damage, or liability; give security for

Other hyponyms of underwrite include reinsure.

underwrite (verb)	indemnify (verb)
protect by insurance	make amends for; pay compensation for
guarantee financial support of	secure against future loss, damage, or liability; give security for