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

View solution

Q. What is centralised processing of underwriting?

View solution

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

View solution

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

View solution

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

View solution

Q. Which external agencies pose a challenge at the risk evaluation/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. 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 can be a potential consequence of inadequate documentation in the underwriting sheet?

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. Why do insurers keep thin profit margins?

View solution

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

View solution

Q. What is the underwriting process in insurance?

View solution

Q. Gene test is also known as

View solution

Q. What is a potential benefit for those previously considered uninsurable due to gene testing?

View solution

Q. What are some potential medico-legal issues associated with genetic testing in life insurance?

View solution

Q. What are the limitations of genetic testing?

View solution

Q. What are the disadvantages of genetic testing?

View solution

Q. What are the advantages of genetic testing in insurance?

View solution

Q. What are the reasons for genetic testing?

View solution