Client: Life and Health Insurance
An insurer from a developing country came with a specific interest on the underwriting activity. They decided to develop new proprietary in-house underwriting processes and supportive manual.
Our expert worked with the insurer’s executive team on:
- reviewing past policies terms,
- determining new terms based on new offerings, and
- assisting in the preparation of the new guidelines (reviewing) in accordance to accepted risk levels and actuarial models.
Special focus on risk models incorporating all available known risks was given, and new manuals were in effect about 6 to 7 months months later.