Question

From an insurance perspective, underwriting is best defined as:

A. the process of determining if an applicant is an insurable risk

B. the process of identifying applicants who are engaging in adverse selection

C. the process of determining when an applicant will die or suffer a serious illness

D. the process of calculating mortality and morbidity charges

Answer 1

A. the process of determining if an applicant is an insurable risk

Step-by-step explanation:

An underwriter is a professional in the insurance sector . They help in the analysis of how risky the insurance policy applied for is . They determine the claim for future risks of what is insured and how feasible it will be to insure so the insurance company isn’t shortchanged in any form.

This explains underwriting as best defined as the process of determining if an applicant is an insurable risk.