Multiple choice general knowledge

Which is the process by which insurers decide which potential customers to insure and what coverage to offer them?

  1. Re insuring

  2. Marketing

  3. Prospecting

  4. Underwriting
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Underwriting is the process insurers use to evaluate risk and determine whether to accept applicants and what premium to charge. It involves analyzing factors like health history for life insurance or driving records for auto insurance. Marketing (B) focuses on promoting products, prospecting (C) on finding customers, and reinsurance (A) is insurers buying coverage for themselves.

Keep practicing — related questions