Question

What determines the underwriting philosophy of an insurance company?

a.

The extent of risk appetite and thresholds pre-decided by the actuaries and senior management team

b.

The kind of underwriting norms the company follows

c.

The aggressiveness of the company in garnering business

d.

The quality of screening of agents before recruiting them

Posted under IC22 Life Insurance Underwriting

Answer: (a).The extent of risk appetite and thresholds pre-decided by the actuaries and senior management team Explanation:This is because the risk appetite and thresholds set by the actuaries and senior management team determine the company's approach to risk management and underwriting.

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