Main Objectives of Underwriting General Insurance Policy
1. To reduce the possibility of adverse selection against the insurer.
2. Prudent underwriting reduces the chances of Physical, Moral, and Morale hazards.
3. Underwriting helps in determining the expected loss potential of the proposed insured and selecting a price in line with this expected loss.
1. To reduce the possibility of adverse selection against the insurer.
2. Prudent underwriting reduces the chances of Physical, Moral, and Morale hazards.
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3. Underwriting helps in determining the expected loss potential of the proposed insured and selecting a price in line with this expected loss.
Insurance Law And Practice - ICSI
Main Objectives of Underwriting General Insurance Policy
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