What does underwriting involve?

This section explains what underwriting is and outlines the features involved. Click on the workbook to find out more.

• What is underwriting and why is it important?
• Regulation
• Assessing the risk
• Physical and moral hazard

 

How are risks underwritten in practice?

This section explains the various elements of the underwriting process. Click on the workbook to find out more.

• Gathering the facts
• Providing quotations and agreeing terms
• Calculating the premium

 

What happens once premiums and terms are agreed?

This section explains the role of the underwriter once the insurance is agreed. Click on the workbook to find out more.

• Issuing the policy
• Alterations to the policy and short period covers
• Renewing the policy