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 | Insurance UnderwritingDefinition:insurance underwriting is the process of choosing who and what the insurance company decides to insure. This is based on a risk assessment. It is pretty much the "behind the scenes" work in an insurance company where they determine who is insured and how much in insurance premiums they will charge the insured person. Insurance underwriting also involves choosing who the insurance company will not insure. |
NEWS
The department or group of employees responsible for the process of selecting, classifying, evaluating, rating, and assuming risks.
