What is underwriting?

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PolicyGenius Admin

PolicyGenius Admin

Blog author PolicyGenius Admin

Published April 22, 2015

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Underwriting is the process by which an insurer determines the risk of insuring you. An underwriter will use actuarial tables and other risk calculation tools to calculate the price of the insurance policy so that it minimizes risk to the insurer while still remaining competitively priced.

PolicyGenius Admin

Blog author PolicyGenius Admin