General Insurance Term
Underwriting
How an insurer assesses your risk and prices your cover.
What is Underwriting?
Underwriting is the process by which an insurer evaluates your risk profile — age, health, lifestyle, occupation — to decide whether to offer cover, on what terms, and at what premium.
Honest disclosures during underwriting are what make your claim payable later.
Example
During underwriting, an insurer may ask for a health check-up before issuing a large cover.
Related terms
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