What will be in underwriting for insurance company?
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Underwriting in insurance company basically refers to accepting monetary benefits or remuneration in order to pay for a potential risk.
Explanation:
In insurance business,underwriting is a practice of analyzing the risk factor and risk vulnerability of any potential client.Underwriting can effectively determine the extent or magnitude of the risk involved,coverage amount and insurance premium to be paid by a particular client based on the severity of the risk.Underwriting can be applied in various sectors such as insurance,bank lending and other financial services.The individual who is responsible for selling the securities of a company and willing to receive a commission in exchange is termed as an underwriter.
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