Underwriting

  • 18 Posts
  • 1 Sections
  • 1 Types
Underwriting
Underwriting
Underwriting
Risk selection, disclosure, pricing, and eligibility terms.
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Underwriting
Adverse Selection
Underwriting
Adverse selection in Canada: how insurers use underwriting to avoid attracting disproportionate risk.
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Underwriting
Declination
Underwriting
Underwriting decision not to offer or continue the requested coverage.
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Underwriting
Inspection Report
Underwriting
Document recording property, operation, or hazard observations for underwriting use.
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Underwriting
Insurable Interest
Underwriting
Real financial or legal stake that makes insurance protection legitimate.
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Underwriting
Material Change in Risk
Underwriting
Significant change to the exposure that may need to be disclosed.
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Underwriting
Misrepresentation
Underwriting
Inaccurate or incomplete information that can affect underwriting and coverage.
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Underwriting
Moral Hazard
Underwriting
Moral hazard in Canada: why insurers watch for incentive-driven behaviour that can worsen loss.
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Underwriting
Non-Disclosure
Underwriting
Failure to reveal a material fact needed to assess or continue the risk.
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Underwriting
Occupancy
Underwriting
How a property is inhabited or used for underwriting and coverage purposes.
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Underwriting
Physical Hazard
Underwriting
Tangible condition that increases the likelihood or severity of loss.
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Underwriting
Premium
Underwriting
Price charged for coverage based on risk, limits, and underwriting choices.
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Underwriting
Representation
Underwriting
Statement of fact the insurer relies on in underwriting the risk.
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Underwriting
Risk Class
Underwriting
Risk class in Canada: how insurers group applicants with similar expected loss characteristics.
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Underwriting
Risk Selection
Underwriting
Underwriting process of deciding which risks to accept, restrict, reprice, or decline.
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Underwriting
Underwriting
Underwriting
How insurers evaluate, price, and shape risk before issuing or renewing coverage.
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Underwriting
Utmost Good Faith
Underwriting
Duty of truthful disclosure that shapes underwriting and claim outcomes.
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Underwriting
Warranty
Underwriting
Contractual promise or condition important to how the policy operates.
Read more about Warranty.