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Risk Management Q4

Discussion in 'Financial Planning Study Group' started by micdan, 28th Jul, 2010.

  1. micdan

    micdan Active Member

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    Provide a brief description of the numerical rating system used by underwriters when assessing insurance applications. Identify the factors that are taken into account when determining mortality. Provide two examples to illustrate both the process and the evaluation of relevant factors by underwriters.

    Hi everyone
    I have answered the first two components of the question, but I am uncertain as to how to illustrate both the process and evauation of relevant factors by underwriters. Do I address the underwriting process? Any suggestions would be appreciated.

    Thanks
     
  2. kylie13

    kylie13 Member

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    Newcastle, NSW
    Hi again MICDAN
    I gave an example of how the mortality factor can be increased and one of how it can be decreased. eg + or - see page 5.30 for your answer.
    :D
     
  3. micdan

    micdan Active Member

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    24th Feb, 2010
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    Cairns
    Thanks Kylie.
    I have revisited this section of the manual and now it makes more sense.