Insurance Underwriting

When it comes to underwriting, insurance is one of the major products that require this special skill.

Insurance underwriting has two major aims:

1.  To ensure clients pay appropriate premiums for their risk.

2.   To protect the insurance product manufacturer from major risk.

The insurance underwriting process is undertaken by the insurance product manufacturer, and is undeniably one of the most advanced functions of the insurer.

When manufacturing a new insurance product, the insurer needs to take into account the previous underwriting experience and history with similar insurance products.

Underwriting is arguably one of the most important function of any insurance company.  Poor underwriting can result in major financial risk to the insurance provider.

At AMAUS we aim to assist the insurance product manufacturers as well as individual financial advisers and insurance brokers with the underwriting process.