What do you know about Underwriting?

Question

Accepted Answer

Underwriting is the process of evaluating the risk of insuring a person or asset and determining the premium to be charged.

Underwriting involves assessing the risk associated with insuring a particular individual or asset.
Underwriters use various factors such as age, health, occupation, and past insurance claims to determine the likelihood of a claim being made.
The underwriting process helps insurance companies set appropriate premiums to cover potential losses.
Underwriting can be done for various types of insurance, including life, health, property, and casualty insurance.

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