Category: Underwriting

The Many Facets of Underwriting

The Many Facets of Underwriting The Many Facets of Underwriting

Insurance has been around since ancient times when it’s believed it first became popular as a risk-sharing scheme between ship owners carrying goods across the oceans and investors willing to provide indemnity for these goods and the ships carrying them for a fee. But even before this, a form of insurance can be found written […]

Writing Insurance Requires Knowing All About Insurance Risk

Writing Insurance Requires Knowing All About Insurance Risk Writing Insurance Requires Knowing All About Insurance Risk

Simply defined, risk is the possibility of injury or loss. Insurance risk revolves around this potential for loss or injury and an insurance contract represents a risk-sharing between two entities; the insured and the insurer. A synonym for risk often used in the Property & Casualty (P&C) insurance industry is “peril.” A homeowners’ insurance policy, for example, may […]

The Crucial Role of Underwriting

The Crucial Role of Underwriting The Crucial Role of Underwriting

Underwriting is a key factor in the world of finance, significantly affecting the businesses of insurance, loans, and investments. Underwriting services may be provided by large institutions such as insurance companies, banks, and investment houses, each of which guarantees payment in the event of damage or a financial loss occurring. Since each of these businesses […]