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Main Objectives of Underwriting General Insurance Policy

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.

Insurance
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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 Main Objectives of Underwriting General Insurance Policy Reviewed by Ikpokolo Francis on Tuesday, May 23, 2017 Rating: 5

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