The process of identifying and classifying the degree of risk represented by a proposed insured. As per insurance sector, what does the term stands for?
The process of identifying and classifying the degree of risk represented by a proposed insured. As per insurance sector, what does the term stands for?
[A]Underwriting
[B]Collateralized Mortgage Obligation
[C]Actuary
[D]Annuity
Underwriting
Underwriting is the process by which an insurance company examines risk and determines whether the insurer will accept the risk or not, classifies those accepted and determines the appropriate rate for coverage provided.