Q. Gene test is also known as

View solution

Q. What is the underwriting process in insurance?

View solution

Q. What are some challenges faced by the underwriting process?

View solution

Q. Why do insurers keep thin profit margins?

View solution

Q. What is a potential challenge in getting appropriate and accurate documentation on financial or medical facts of the life to be assured?

View solution

Q. What can be a potential consequence of inadequate documentation in the underwriting sheet?

View solution

Q. What impact does the growing demand for low-priced insurance products coupled with excellent customer service have on the underwriting process?

View solution

Q. What is the impact of non-disclosures and misrepresentations of information and facts at the point of sale on the underwriting decision and policy acceptance?

View solution

Q. Which external agencies pose a challenge at the risk evaluation/underwriting process?

View solution

Q. Why is stiff competition amongst insurers necessitating customised underwriting rules?

View solution

Q. What is the inherent challenge of automating the underwriting process?

View solution

Q. Why is the availability of trained underwriters a challenge?

View solution

Q. What is centralised processing of underwriting?

View solution

Q. What does KYC stand for in the insurance industry?

View solution

Q. Why are non-medical underwritten products priced higher than medically underwritten products?

View solution

Q. What is a non-medical grid?

View solution

Q. What happens once the life insurance underwriter approves the proposal?

View solution

Q. What is the underwriting philosophy used for in the insurance industry?

View solution

Q. How do underwriting guidelines impact insurance products?

View solution

Q. What is risk appetite in the insurance industry?

View solution