Article

Underwriting
June 07 , 2012

Underwriting is the process by which insurance companies measure the risks they are getting into while giving an insurance policy. In a life insurance, the Underwriter looks at the risk of the person dying – this is estimated by factors like age, state of health and smoking habit. Accordingly, the Underwriter decides whether or not to issue the policy, and at what premium. Underwriting in general insurance works similarly; only the variables may be different. For instance, a motor insurance underwriter would look at the track record of the driver and condition of the car.

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