ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Insurance companies typically use three risk classes: super preferred, preferred and standard. The criteria for each class is relatively similar from company to company, but the specific requirements can vary some. If applicants don’t meet the criteria for these classes, they might be classified as substandard.

Detailed explanation-2: -Loan Underwriting. Loan underwriting is done for determining the risk involved in lending money to potential borrowers. Securities Underwriting. Securities underwriting is often related to Initial Public Offering (IPO) and is done for a potential investor. Insurance Underwriting:

Detailed explanation-3: -Financial Risk: Financial risk is a risk whose monetary value of a loss on a particular event can be measured. Non-Financial Risk: Non-financial risk is a risk whose monetary value of a loss on a particular event cannot be measured. More items

Detailed explanation-4: -Income. Income refers to both gross and net income. Appraisal. Appraisals ensure the property or other purpose of the loan is worth the requested amount. Credit score. Assets. Loan underwriting. Insurance underwriting. Securities underwriting. 20-Dec-2022