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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Vacancy exists for positions in a leading Corporate Organization in Nigeria:

Vacancy exists for the under listed positions in a leading Corporate Organization in Nigeria:   1. Market Risk Officer: The candidate must understand: Market risk management framework: definition and update of risk limits Contribution to the risk appetite definition Entry point for the Enterprise Risk Management requests: risk identification process,…

INVITATION TO RIMAN Q2 2019 QUARTERLY RISK ROUND TABLE

Risk Management Association of Nigeria (RIMAN), in conjunction with Lagos Business School (LBS), is organising a Risk Round Table to discuss the central risk management issue of "People Risk Management and Risk Culture Building". It is an established fact that organisations/institutions achieve sustainability by managing people risk and embedding the…