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

Risk of Fuel Tanker Fire

Mitigation Strategies

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ABUJA Q4 2018 QUARTERLY RISK ROUND-TABLE

Risk Management Association of Nigeria (RIMAN) in collaboration with the National Pension Commission (PENCOM) is organising a risk round table in Abuja to discuss the challenges of risk management, pension risk management as well as regulatory risk in the financial Institutions. As usual, the programme will be a gathering of…

Meet the first set of Certified Risk Managers (CRMs) in Nigeria

The pioneer industry recognised professional examination in risk management which is jointly run by two foremost professional bodies in Nigeria , Risk Management Association of Nigeria (RIMAN) and The Chartered Institute of Bankers of Nigeria  (CIBN) recently produced the first set of Certified Risk Managers in the Country.  They are…