Tag: Purpose and Objective of Underwriting

Health Insurance Underwriting

Health Insurance pays medical expenses that are incurred to the insured due to any variation in their health condition. Health insurance Market is considered as an Imperfect Market due to reasons such as information asymmetry, risk selection and moral hazards. In India, out-of…

General Insurance Underwriting

What is Underwriting ? As per IRDA, “Insurance other than ‘life insurance’ falls under the category of general insurance”. Underwriting is the process of determining the level of risk presented by a proposer and deciding whether to accept the risk…