With decades of proven underwriting and actuarial experience across major lines of business, AuclairRe can provide comprehensive underwriting services for Life, Health and P&C business lines.
Insurance underwriters evaluate the risk and exposures of potential clients. They decide how much coverage the client should receive, how much they should pay for it, and whether to accept the risk and insure them. Underwriting involves measuring risk exposure and determining the premium that needs to be charged to properly insure that risk. The function of the underwriter is to protect the company’s book of business from risks that they feel will make a loss and issue insurance policies at a premium that is commensurate with the exposure presented by that risk.
Each insurance company has its own set of underwriting guidelines to help the underwriter determine whether or not the company should accept the risk. The information used to evaluate the risk of an applicant for insurance will depend on the type of coverage involved.
Our projects in underwriting have included providing underwriting of risks, auditing underwriting files, reviewing underwriting procedures, and writing and preparing an underwriting program.