General
Underwriting
The process insurers use to evaluate your risk and decide your price.
What it actually means
Underwriting is how an insurance company decides whether to offer you a policy, and at what price, by evaluating factors like your age, health, driving history, credit-based insurance score, or property condition. It's the behind-the-scenes math that turns your application into a quote.
Example: A life insurer might order a medical exam as part of underwriting before finalizing your premium.
See it in context
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