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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CBN, Director of Banking Supervision Department officially joins Risk Manager Association of Nigeria.

Central Bank of Nigeria, Director of Banking Supervision Department, Alhaji Ahmad Abdulahi is the latest high profile individual to join RIMAN. Prior to now, Alhaji Abdulahi has been a strong supporter of RIMAN. Alhaji Ahmad Abdulahi oversees banking supervision department of the Apex Bank. The department conduct off-site surveillance and…

Endowment of Academic Prize in UNILAG by Risk Managers Association of Nigeria (RIMAN)

In furtherance of its mission to achieve continuous capacity building in Risk Management, Risk Managers Association of Nigeria (RIMAN), recently made a historic move in establishing and endowment of academic prize for the best graduating student of the Masters of Risk Management (MRM) programme of the Actuarial Science & Insurance…

Risk Managers Association of Nigeria (RIMAN) Elects a New President At Its 18th AGM/Election.

At The 18th Annual General Meeting (AGM)/election that took place on the 8th of June 2018 at Eko Hotel &Suites, Victoria Island, Lagos, RIMAN elected a new President and members of its Executiv Council. Read More..