Underwriting and Claims Management — DU B.A. (V.S.) Insurance Management Previous Year Question Papers

1. Discuss the underwriting philosophy and guidelines followed by insurance companies. How do these guidelines help in risk selection and risk classification? (Underwriting Philosophy) ga RamAti (Guidelines) a → ¡ğş y → (Risk selection) 2. Explain the actuarial principles underlying underwriting decisions. How do actuarial assumptions influence premium determination and risk evaluation? 3. What is field underwriting? Explain its role in risk assessment. Compare it with tele-underwriting, highlighting advantages, limitations, and practical challenges. 4. Discuss the process of making an underwriting decision. Explain the possible outcomes such as policy issuance, postponement, and declinature of proposals, with suitable examples. 5. Discuss the role of technology in modern underwriting. How have advancements such as AI and data analytics improved underwriting efficiency and accuracy? 6. Explain the significance of claim management in reducing fraud and ensuring transparency. How can insurers improve the efficiency of claim settlement?