IF3 — Insurance Underwriting Process

IF3 — Insurance Underwriting Process

This unit focuses on the underwriting process from initial assessment to policy issuance and renewal.

Syllabus

• Material information — disclosure, misrepresentation, warranties
• Underwriting procedures — risk selection, terms, conditions, exclusions
• Personal insurance — motor, household, travel, pet
• Commercial insurance — property, liability, business interruption
• Rating & pricing — technical pricing, actuarial input, loadings