Risk Tips Issue 3: Risk Underwriting

  • Apr 25, 2017
  • Investopedia Online, CAN Publications, Wikipedia Online encyclopedia, RIMAN CRM Pack.

Principles & Practice of Insurance: Risk Underwriting

What Is Underwriting?

The word "underwriter" originally came from the practice of having each risk-taker write his name under the total amount of risk he was willing to accept at a specified premium. This centuries-old practice continues, in a way, as new issues are usually brought to market by an underwriting syndicate, in which each firm takes the responsibility, as well as the risk, of selling its specificallotment.

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Quick Pick

People Risk and Organizational Leadership

What is People Risk and Its Co-relatedness to Leadership

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Chief Risk Officers' Time-Out Dinner

DATE: 18th of May, 2018 Time: 6.00pm Venue: Oriental Hotel Lekki Expressway, Victoria Island, Lagos. Host: Dr. Jude Monye (Acting MD/CEO, Heritage Bank/Predident, RIMAN Chief host: Ms. Folakemi Fatogbe (Director, Risk Management, Central Bank of Nigeria/ Chairman BoT, RIMAN) Sponsored by Keystone Bank Limited 

18th Annual International Risk Conference/AGM

2018 Annual International Risk Conference /AGM DATE:   June 7th – 8th 2018 Time: 08.00am – 05.00pm Venue: Eko Hotels & Suites, Victoria Island, Lagos. Theme: NAVIGATING SOCIO-ECONOMIC RISK IN NIGERIA ECONOMY Conference Fees:N80, 000 – Single Participant,                              N70, 000 – 3 Participants and above,                              N60, 000 for…

1st Set of Certifed Risk Managers (CRMs) in Nigeria

1.  KAMORU AJANI ADEYEMI      HERITAGE BANK PLC.   2. AJOLOKO AYINDE AYODELE     NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC)   3. ADEBAYO AYODELE FAMAKINWA     CENTRAL BANK OF NIGERIA (CBN)   4. GRACE OLUWAFUNKE ABIOYE     SECURITIES & EXCHANGE COMMISSION (SEC)   5. UDONSI MBA ONUOHA     HERITAGE BANK PLC.  …