Riscario

Underwriting is the process of assessing and classifying the degree of risk expected from insuring the proposed life insured. During this process, temporary insurance may be available. Through this risk management, the insurer seeks to have actual claims match expected claims.

Considerations include

• the proposed life insured's age, gender, height, weight, physical condition and smoking status
• personal and family medical history
• occupation
• lifestyle
• ability of the applicant to pay the premiums

The assessment can use

• medical information
• Attending Physician's Statement
• medical examination
  • by the doctor of the proposed life insured, a doctor selected by the insurer (could be one of the insurer's own medical staff)
• Inspection Report
• Medical Insurance Bureau (MIB)