Underwriting

{
  "id": "MLC-T-INS-003409",
  "term": "Underwriting",
  "field": "Insurance and risk management",
  "definition": "The process by which an insurer evaluates the risk of insuring a particular person, property, or operation and determines the terms, conditions, and premium for coverage. This involves assessing factors such as financial history, health status, property characteristics, and past claims experience. The goal is to accept risks that align with the insurer's risk appetite and profitability targets.",
  "url": "https://mlchart.com/terminology/insurance/underwriting/"
}