Question

What is the role of management in determining an insurance company's underwriting philosophy?

a.

It decides on the long-term policies and strategies to be adopted by the company

b.

It impacts the underwriting rules and guidelines formulated by the company

c.

It plays a pivotal role in terms of the company's outlook and its style of functioning

d.

All of the above

Posted under IC22 Life Insurance Underwriting

Answer: (d).All of the above Explanation:This is because the management's decisions on long-term policies and strategies, outlook, and style of functioning impact the underwriting rules and guidelines formulated by the company, as well as the company's approach to risk management.

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