The Future of Underwriting -- Between Technical Progress and Legal Pitfalls
Underwriting is under scrutiny. Declared to be "dead" every now and then, it is still particularly significant for life insurers' risk management today and for the foreseeable future. Although methods may change and become simpler, faster and more economical, the principle of guaranteeing insurability by means of underwriting is not going to change. Changes to the basic conditions are significant, however. Similarly, one of the greatest challenges for underwriters and managers is to be able to adapt to these comprehensively and swiftly.
