The Underwriting Process – Who, How and Why?
Instructor
UIE Phone
(253) 846-1155 Email
mail@uiece.com |
Course Overview
The entire concept of insurance is based on providing financial
protection against uncertain events and insurance companies assume billions
of dollars in financial risk every year. But the world is in a constant state
of uncertainty. The insurance industry is continuing to recover from the
aftermath of a global pandemic. What can insurers do to maintain their
profitability in an ever-changing world? The answer is in the company’s
underwriting. Underwriting is considered to be
crucial for insurance to succeed, but what exactly is an underwriter? What is
involved in the underwriting process? What mathematical and legal concepts
have a bearing on the underwriting decision? And how does it all relate to
profitability? Find the answers to these and other questions as you learn all
about the underwriting process– the who, the how, and the why. Learning Objectives: By completion of this course,
successful students will be able to: ü
Understand
what an underwriter is and the purpose of effective underwriting. ü
Identify
the various steps in the underwriting decision-making process. ü
Explain
how legislation affects the underwriting process. Apply course information to enhance the quality and effectiveness of proper underwriting. |
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Chapter |
Subject |
|
Section 1 |
The Underwriter – what is it? |
|
Section 2 |
The Underwriting Process – what is involved? |
|
Section 3 |
Maintaining Profitability & Solving Problems |
|
Section 4 |
How Legislation Affects Underwriting |
|
Course Review |
Sections 1-4 |
|
References |
None.