Multiple choice

Which of the following is/are not the source of information for underwriter?

  1. Proposal form

  2. Rating factor

  3. Risk surveys

  4. Historic claims experience data
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Sources of information for underwriting The first stage in any numerical (or statistical) analysis is the collection of data. When pricing a risk, an underwriter should gather as much information as possible to aid accurate assessment. Sources of information for underwriter are:

i. Proposal form or underwriting presentation ii. Risk surveys iii. Historic claims experience data

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