Hello Iain,

Underwriting is basically a sum of all the considerations to be made before an insurance company agrees to grant indemnity on any risk and the administration of the Insurance contract after risk acceptance. For Motor Underwriting, these considerations will include an assessment of the vehicle to be insured, pricing considerations, nature of risk exposure, the vehicle owner, etc. Furthermore, the drawing up of the Insurance contract detailing the liabilities to be indemnified and otherwise, the limits of these liabilities (if any) and documentation of the contract all make up Motor Underwriting.

02 August, 2021 11:34