Know more functions of the Underwriter, Learn things So the following Considerations

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In addition to the functions and other vital tasks managed by the underwriter, there are other things that are no less important than an underwriter i.e. keeping cooperative communication with field personnel, primarily an insurance agent. So the service of insurance clients interwoven smoothly and optimally.

Criteria of a good underwriting are able to evaluate each risk properly, in accordance with the terms of eligibility for approval or refusal related to the number of premiums paid. Guarantee that either has an important benefit and interconnected between insurance companies, insurance agents, the insurer and the insured.

To support such an important role, there are a number of additional factors outside medical factors, namely the personal factor also rated by underwriter insurance as follows:

Jobs

Work with high mobility also became the focus of the assessment of the underwriter. Such as, building workers have a higher accident risk than a financial manager at the same company anyway. Different areas of work then the different risks of each.

Craze

This relates to the craze or hobby clients that typically have a high degree of risk. Such as hiking, diving or diving and others. Accidents can happen at any time be one consideration. For some insurance companies will provide a special form if clients have a penchant for the extreme in the field. This effect on the magnitude of the additional premiums paid.

Moral hazard

Moral hazard or the level of dishonesty of someone likely to harm another party be one consideration underwriter. The underwriter will examine more deeply against the criminal record, whether clients ever do a non-ethical action against someone in the past or not. Jiak has the possibility of moral hazard is negative then the client, just maybe there will be no honest pad insurance company when filing a claim.

Habit or lifestyle

The instant period usually also associated with daily habits. Example: often consume junk food, overtime in the work of both has the possibility of an increase in the risk of contracting a disease. These habits will become considerations insurers to accept even denied insurance clients.

In addition to medical and non-medical factors, there is another factor i.e. the insurable interest or interests that can be insured. Here interpreted as giving compensation for the financial loss caused by the death of the insured party.

The beneficiaries or beneficiary rules do not benefit from the death of the insured. The underwriter will require prospective clients beneficiary has Insurable interest.

Insurable interest involves paperwork or third-party insured parties are recognized if the applicant:

• Close family aspiring insured bond based blood or marital ties. For example spouses, parents, grandchildren, grandparents or siblings of prospective insured. However, the aunt and uncle
• Relatives of a prospective insured who became dependents insured anyway
• The prospective lender insured
• Business partner or provider of jobs for prospective insured

As for the stages of underwriting activities are as follows:

Filing acceptance speeches are (the insurer) received by the marketing support and the Dutch supplied, appropriately analyzed by the underwriter (if submission of such insurance eventually accepted or rejected by the insurance). If carefully trodden in insurance process run smoothly and can benefit both sides, neither the insurance nor customers. One of the roles of the underwriter is to support cooperation in order to reverse the return went smoothly.