insurance underwritng

by Guest » Wed Mar 05, 2008 05:44 pm
Guest

need underwriting principles in insurance i.e principles followed by undrwriter

Total Comments: 3

Posted: Thu Mar 06, 2008 05:48 am Post Subject:

need underwriting principles in insurance i.e principles followed by undrwriter



For which line of insurance? Normally the underwriting principal varies with the line of insurance and also with the companies. The life insurance underwriter may or may not look into the same factors that of the P&C underwriter. Please fed some more details.

Posted: Thu Mar 06, 2008 06:00 am Post Subject:

The basic principle of underwriting says that the underwriter should be equipped with the ability to apprehend, evaluate and estimate the amount of risk associated with insuring an individual. Hope this answers your query :cool:

Posted: Thu Mar 06, 2008 06:44 am Post Subject:

The underwriters are required to protect the interest of the insurer by preventing them form insuring bad risks and simultaneously writing enough business to keep them in competition. They have to make sure that the risk undertake by the career fits well into their rating structure.

Different companies apply different set of underwriting guidelines which the underwriter has to comply while evaluating the insurance applications.

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