Identify the process of evaluating risks, selecting which risks to accept, and identifying potential adverse selection.
A)Due diligence
B)Redlining
C)Actuary
D)Gentrifying
E)Underwriting

Question

Quizplus · Accepted Answer

Underwriting is the process where insurers evaluate the risks associated with insuring a particular person or asset, decide which risks to accept, and identify potential adverse selection. This process is crucial in determining the terms and pricing of insurance policies.

Identify the Process of Evaluating Risks, Selecting Which Risks to Accept