Q. What are the factors assessed in the risk assessment of an individual?

View solution

Q. What are mortality rates and how are they used in the Numerical Rating Method?

View solution

Q. What is extra mortality rate (EMR) and how is it used in the Numerical Rating Method?

View solution

Q. What are the rating guides and manuals based on?

View solution

Q. What do underwriting manuals contain?

View solution

Q. What is the purpose of a credit rating in underwriting?

View solution

Q. What is the purpose of a debit rating in underwriting?

View solution

Q. What is the extra mortality rate?

View solution

Q. What is the purpose of underwriting manuals in insurance and reinsurance?

View solution

Q. What are mortality rates?

View solution

Q. What is extra mortality rate or EMR?

View solution

Q. What is the concept of favourable and unfavourable factors in risk assessment?

View solution

Q. What is the value range of a standard life in risk assessment?

View solution

Q. How are credit ratings used in risk classification?

View solution

Q. What does an extra mortality rating of 100% imply?

View solution

Q. What is the final rate based on which the applicant is classified in the risk classification process?

View solution

Q. How is the total accumulation of debit and credit rounded off in the risk classification process?

View solution

Q. In the risk classification process, how are the ratings for unfavourable factors treated?

View solution

Q. What is a standard life in the risk classification process?

View solution

Q. What is the range of assessment values for an individual to be categorized as standard risk in life insurance?

View solution